Canadian Diamond Juniors Sparkle

Canadian Venture listed diamond junior, Lucara Diamond Corp, is set to acquire De Beers’ 70% stake in the AK6 diamond project for US$ 49 million. What gives? Why is a Canadian junior acquiring a diamond major’s interest? That too in Africa? Remember, De Beers doesn’t take kindly to juniors?

The fate of the AK6 diamond project, in the heart of Botswana’s world class Orapa district, took a new twist after it was announced on Wednesday evening that Canadian Venture listed diamond junior, Lucara Diamond Corp (TSX-V: LUC) would be acquiring De Beers’ 70 per cent stake in the project for US$ 49 million.

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