Originally incorporated on July 31, 1981, under the laws of the State of Colorado, USA as "Le/O Oil & Gas, Inc." the Company subsequently changed its name to "Le/O Enterprises, Inc." on June 3, 1986. In November 1986, the Company acquired all of the issued and outstanding shares of Tellis Gold Mining Company, a Colorado corporation. In December 1986, the Company merged with its then wholly-owned subsidiary, Tellis Gold Mining Company, and changed its name to "Tellis Gold Mining Company, Inc.". On January 18, 2002, the Company changed its name to "Bannockburn Resources, Inc.". On April 2, 2004, the Company changed its name to "Bannockburn Resources Limited" and consolidated its then outstanding share capital on a four for one basis. On February 25, 2004 the Company domesticated into the State of Wyoming and on August 12, 2004, continued from the State of Wyoming into the Province of British Columbia under the Business Corporations Act (British Columbia). To more fully reflect the new direction and focus of the Company, a name change from Bannockburn Resources Limited to Lucara Diamond Corp. was put into effect on August 14, 2007 and Lucara commenced trading on the CNQ Exchange under the symbol "LUCA". In addition, effective as of the same date, the Company's share capital was subdivided on a five (new) for one (old) basis.
On July 3, 2009, the Company completed a business combination by way of a plan of arrangement. Pursuant to the Arrangement Agreement, the Company acquired all of the issued and outstanding shares of Motapa Diamonds Inc. by issuing 34,455,022 shares on the basis of 0.9055 share for each one Motapa share ("Exchange Ratio"). All outstanding Motapa stock options were exchanged for replacement stock options of the Company using the Exchange Ratio.
On December 20, 2010 pursuant to a plan of arrangement, Lucara acquired all of the issued and outstanding shares of African Diamonds PLC on the basis of 0.80 of a common share of Lucara for each African Diamonds PLC common share by way of an English court-approved Scheme of Arrangement (the "Acquisition"). Upon closing of the Acquisition, Lucara held 100% interest in the AK6 project.
In July 2011 the Company received approval for a secondary listing of its common shares on the Foreign Venture Capital Board of the Botswana Stock Exchange (the "BSE"). The Company's common shares commenced trading on the BSE at the market opening on July 25, 2011 under the symbol "LUC".
On August 29, 2011 the Company commenced trading on the Toronto Stock Exchange. The Company's trading symbol "LUC" remained the same. Lucara's shares were delisted from the TSX Venture Exchange at the close of market on August 26, 2011.
On November 25, 2011, the Company commenced trading on NASDAQ OMX First North Exchange in Sweden under the symbol "LUC".
The Company shares commenced trading on the NASDAQ OMX Stockholm (the "Main Market") on May 23, 2014. The last day of trading of the Company's shares on NASDAQ OMX First North was May 22, 2014. There was no issue of new shares in connection with the Listing, and the trading symbol "LUC" and ISIN-code CA54928Q1081 remained the same. The Company's common shares continue to trade on the Toronto Stock Exchange and the Botswana Stock Exchange under the symbol "LUC".
In March 2018, Lucara completed the acquisition of Clara Diamond Solutions Corp. ("Clara"), a secure, digital sales platform that uses proprietary analytics together with cloud and blockchain technologies to revolutionize and modernize the diamond sales process. As up-front consideration for the acquisition, Lucara issued 13.1 million shares to the former shareholders of Clara. Further staged equity payments totaling 13.4 million shares become payable upon the achievement of performance milestones related to total revenues generated through the platform. Lucara has also agreed to a profit sharing mechanism whereby the founders and facilitators of the Clara technology, and management of Clara, will retain 13.33% and 6.67%, respectively, of the annual EBITDA generated by the platform, to a maximum of US$25 million per year, for 10 years.
The Company's registered and records office is located at Suite 2600, Three Bentall Centre, 595 Burrard Street, Vancouver, British Columbia, V7X 1L3. Lucara's business office is located at Suite 502, 1250 Homer Street, Vancouver, British Columbia, V6B 2Y5.