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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

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Price: 0.62 CAD

Market Cap: $280.88 m

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