Lucara Announces Extension of Working Capital Facility to December 15, 2023 and $15 Million Draw from Shareholder Liquidity Guarantee
VANCOUVER, November 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 15, 2023 (the “Longstop Date”). An earlier extension granted by the Lenders on October 31, 2023, was due to expire on November 15, 2023. The Company