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Lucara Diamond Corp T.LUC

Alternate Symbol(s):  LUCRF

Lucara Diamond Corp. is a Canadian diamond mining company with a producing mine and exploration license in Botswana. It is an independent producer of large Type IIa diamonds from its 100% owned Karowe Diamond Mine in Botswana. The Karowe Mine is the focus of the Company's operations and development activities. Its 100% owned Karowe mine is a producer of large Type IIA diamonds, more than 10.8 carats, including the historic 1,758 Sewelo, the 1,109 carat Lesedi La Rona and the 813-carat Constellation.


TSX:LUC - Post by User

Comment by AndersSon Aug 23, 2023 4:41pm
104 Views
Post# 35602660

RE:RE:RE:RE:RE:I don't understand

RE:RE:RE:RE:RE:I don't understand

I guess those diamonds are already included as security in the financing debt package to the syndicate? Then they can't be used as collateral somewhere else?

From PR below
"First ranking security over all assets of the Borrower on a fixed and floating basis, as well as all shares in and shareholder loans into the Borrower and all shares in and shareholder loans into the intermediary companies between the Sponsor and the Borrower;"

https://www.mfn.se/cis/a/lucara-diamond/lucara-diamond-corp-lucara-signs-us-220-million-senior-debt-facilities-for-financing-of-the-underground-expansion-and-ongoing-operations-of-the-karowe-mine-5b0cef71

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