LUCARA ANNOUNCES FURTHER EXTENSION OF WORKING CAPITAL FACILITY TO DECEMBER 31, 2023
VANCOUVER, BC, December 15, 2023 /CNW/ - (LUC – TSX, LUC – BSE, LUC – Nasdaq Stockholm) 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