Lucara Announces Final Board Project Sanction for the Karowe Underground Expansion Project and Financial Close of Project Finance Facilities
VANCOUVER, September 8, 2021 /CNW/ - (LUC – TSX, LUC – BSE, LUC – Nasdaq Stockholm) Lucara Diamond Corp. (“Lucara” or the “Company”) is pleased to announce that the Board of Directors has formally approved the Karowe underground expansion project (the “UGP”), following the Financial Close and satisfaction of all Conditions Precedent pursuant to the previously announced senior secured project financing debt package of US$220 million (the “Facilities”) signed July 12, 2021 (link to news release