Lucara Announces Further Extension of Working Capital Facility to January 15, 2024
VANCOUVER, BC, Dec. 29, 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 January 15, 2024 (the “Longstop Date”). An earlier extension granted by the Lenders was due to expire on December 31, 2023. Discussions to date with the Lenders