NASDAQ OMX (NASDAQ:NDAQ) announced that Lucara Diamond Corp. (short name: LUC), a Small Cap company within the Basic Material sector, has started trading of its shares on the main market of NASDAQ OMX Stockholm. Lucara Diamond was previously listed at First North and is, including switches, the eighth company to list at NASDAQ OMX’s Nordic main markets in 2014 (NASDAQ OMX Stockholm; Helsinki; Copenhagen; and Iceland).
Lucara Diamond is a new diamond producer. Its two key assets are in Africa, in the Karowe mine in Botswana and the Mothae project in Lesotho. Both Mothae and Karowe are large scale assets with tonnage, and throughput upside and production has consistently included large, Type IIA stones. Lucara Diamond is a member of the Lundin Group of Companies and is, in addition to NASDAQ OMX Stockholm, listed on the Toronto Securities Exchange (TSX) Exchange and the Botswana Stock Exchange.
”The move to the Main Market of NASDAQ OMX Stockholm is a significant step forward for Lucara and provides additional opportunities for investors to gain access to a very exciting diamond production story,” said William Lamb, Lucara’s President and CEO.
”We welcome Lucara Diamond to NASDAQ OMX and to our materials segment,” said Adam Kostyal, Senior Vice President at NASDAQ OMX. “It is always rewarding to see companies listed on our growth market First North taking the step to our main market. Since the launch of First North in 2006 around five companies per year have moved up to the main market, thus proving the efficiency of our Nordic listing model.”