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| Home : Lucara Closes US$25 Million Credit Facility |
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Apr 23
2012 |
Lucara Closes US$25 Million Credit Facility |
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 23, 2012) - Lucara Diamond Corp. ("Lucara" or the "Company") (TSX:LUC)(BOTSWANA:LUC)(NASDAQ OMX First North:LUC) is pleased to announce that further to the Company's news release dated February 22, 2012, it has signed a definitive agreement with The Bank of Nova Scotia ("Scotiabank") for a US$25 million revolving term credit facility with a maturity date of March 16, 2014, which may be extended. Up to $15 million is available immediately with the remaining $10 million available following delivery of security over the company's Karowe assets which is expected during the second quarter of this year. |
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| Source:http://www.marketwire.com/mw/release.do?id=1647024&sourceType=3 |
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