VANCOUVER, BC, Jan. 9, 2024 /CNW/ - (TSX: LUC) (BSE: LUC) (Nasdaq Stockholm: LUC) Please view PDF version

Lucara Diamond Corp. ("Lucara" or the "Company") is pleased to announce that it has signed amended documentation in relation to the senior secured project financing debt package of US$220 million (the "Facilities") executed in July 2021. While the total quantum of the Facilities has not changed, the repayment profile has been extended in line with the rebase schedule released July 17, 2023 (link). Lucara expects to continue to develop the Karowe underground expansion (the "UGP") using funds from the Project Loan (as hereinafter defined), combined with projected excess cash flow from Karowe open pit mine operations and stockpiles processed during the underground construction period.   Parties to the Facilities remain Lucara Botswana Proprietary Limited ("Lucara Botswana") as the Borrower and a syndicate of five international financial institutions: African Export-Import Bank (Afreximbank), Africa Finance Corp., ING, Natixis, and Societe Generale, London Branch.  Afreximbank acts as Facility Agent in connection with the Facilities.