VANCOUVER, Dec. 29, 2023 /CNW/ - (TSX: LUC) (BSE: LUC) (Nasdaq Stockholm: LUC) Please view PDF version

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 January 15, 2024 (the "Longstop Date").  An earlier extension granted by the Lenders was due to expire on December 31, 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.