Equigold backs new Lucapa project

LUCAPA Diamond Co is being loaned US$15 million by Singaporean company Equigold to finance the first stage development of the Mothae kimberlite project in Lesotho.

Equigold backs new Lucapa project Equigold backs new Lucapa project Equigold backs new Lucapa project Equigold backs new Lucapa project Equigold backs new Lucapa project

The secured three year facility with a coupon of 13% will start to be repaid in December next year, by which time Mothae is flagged to be in steady-state production.