leadf
logo-loader
viewLucara Diamond Corp
(
TSX:LUC
)

Lucara Diamond Corp gets board approval for Karowe underground expansion project

Lucara Diamond Corp (TSX:LUC) CEO Eira Thomas joined Steve Darling from Proactive to share news the company’s Board of Directors formally approved the Karowe underground expansion project after they were able to close their financing and meet all set-out conditions.

Thomas telling Proactive the financing will be done in two phases. The project facility of 170 million to fund the development of the underground project, and 50 million working capital facility to re-finance the Company's existing debt and to support ongoing operations.

Quick facts: Lucara Diamond Corp

Follow
TSX:LUC

Price: 0.65 CAD

Market Cap: $294.47 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Elementos focused on updated resource estimate as it extends new tin zone at...

Elementos Ltd (ASX:ELT, OTC:ELTLF)'s Joe David talks Proactive's Andrew Scott through a high-grade tin assay result from the final diamond drill hole at its wholly owned, flagship Oropesa tin project in Spain. He says the assay further builds their confidence in the ability to grow the Oropesa...

1 hour, 2 minutes ago

2 min read