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Lucara Diamond Corp(LUC-T)
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LUCARA ANNOUNCES EXTENSION OF WORKING CAPITAL FACILITY TO NOVEMBER 15, 2023

Newswire.ca - Tue Oct 31, 2023

VANCOUVER, BC, Oct. 31, 2023 /CNW/ - (TSX: LUC) (BSE: LUC) (Nasdaq Stockholm: LUC) Please view PDF version

Lucara Diamond Corp. ("Lucara" or the "Company") announces the 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 November 15, 2023.  An earlier extension granted by the Lenders on August 23, 2023, was due to expire on November 1, 2023.

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