Lucara Announces Senior Secured Project Finance Facility Mandate for the Underground Expansion of the Karowe Mine
VANCOUVER, March 23, 2021 /CNW/ - (LUC – TSX, LUC – BSE, LUC – Nasdaq Stockholm) Lucara Diamond Corp. is pleased to announce the execution of a mandate for a senior secured project financing package of up to US$220 million (the “Mandate”) to fund the underground expansion at Lucara’s 100% owned Karowe Mine (“Karowe”) in Botswana. A syndicate of five international financial institutions, including ING Bank N.V. (“ING”), Natixis (“Natixis”), Société Générale, London Branch (“Société Générale”), Africa Finance Corporation (“AFC”) and Afreximbank (“Afrexim”) will act as the Mandated Lead