VANCOUVER, BC, Dec. 15, 2023 /CNW/ - (TSX: LUC) (BSE: LUC) ( Nasdaq Stockholm: LUC)

Lucara Diamond Corp. ("Lucara" or the "Company") announces a further short-term extension of the maturity of its $50 million senior secured working capital facility (the "WCF") and a deferral of the requirement to place $52.9 million in a cost overrun reserve account (the "CORA") to the earlier of the conclusion of discussions with its Lenders or December 31, 2023 (the "Longstop Date").  An earlier extension granted by the Lenders was due to expire on December 15, 2023.  Discussions to date with the Lenders have been constructive and several amendments to the Company's debt package have been agreed in principle.  Lender credit approval processes are ongoing. Please view PDF version