Lucara Announces Extension of Working Capital Facility to November 15, 2023
VANCOUVER, BC, October 31, 2023 /CNW/ - (LUC – TSX, LUC – BSE, LUC – Nasdaq Stockholm) 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. The Company’s debt package