Lucara Announces Extension of Working Capital Facility
VANCOUVER, BC, Aug. 23, 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 to November 1, 2023 of the requirement to place $52.9 million in a cost overrun reserve account (the “CORA") by September 2, 2023. The CORA balance is currently $18.3 million. All currency figures are in U.S. Dollars, unless otherwise stated. The Company’s debt package consists of two facilities (the “