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Jackpot Digital Inc. — Capital/Financing Update 2026
Apr 8, 2026
43301_rns_2026-04-07_45a16ec8-83ce-4cb6-b6da-b2fb64e4bef4.pdf
Capital/Financing Update
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Form 51-102F3
Material Change Report
ITEM 1 NAME AND ADDRESS OF COMPANY
Lucara Diamond Corp. (“Lucara” or the “Company”)
Suite 2800, Four Bentall Centre
1055 Dunsmuir Street, PO Box 49225
Vancouver, BC Canada V7X 1L2
ITEM 2 DATE OF MATERIAL CHANGE
March 30, 2026
ITEM 3 NEWS RELEASE
The news release announcing the material change was issued March 30, 2026 filed on SEDAR+ (www.sedarplus.com).
ITEM 4 SUMMARY OF MATERIAL CHANGE
On March 30, 2026, the Company announced the successful closing of its previously announced private placement of US$350.0 million of senior secured bonds (the “Bonds”).
ITEM 5 FULL DESCRIPTION OF MATERIAL CHANGE
5.1 Full Description of Material Change
On March 30, 2026, the Company announced the successful closing of its previously announced private placement of US$350.0 million of the Bonds. The Bonds have a tenor of five years and will have a fixed coupon rate of 12.5 percent per annum, with interest payable in quarterly instalments. The net proceeds from the bond issuance have been applied to fully repay the Company’s existing US$220.0 million senior secured project finance facilities with its previous lending syndicate. The remaining proceeds will be used to fund a dedicated debt service retention account covering two years of interest on the Bonds and to support the continued development of the Karowe Underground Project (the “UGP” or “Project”).
With the closing of the bond financing, which includes the ability to tap for a further US$50.0 million and the option to add a US$50.0 million Revolving Credit Facility (“RCF”), Lucara now has sufficient access to capital to advance the UGP through to completion, subject to execution in line with current expectations as outlined in the Company’s updated Feasibility Study prepared in accordance with National Instrument 43-101.
5.2 Disclosure for Restructuring Transactions
Not Applicable.
-2-
ITEM 6 RELIANCE ON SUBSECTION 7.1(2) OF NATIONAL INSTRUMENT 51-102
Not Applicable.
ITEM 7 OMITTED INFORMATION
Not Applicable.
ITEM 8 EXECUTIVE OFFICER
Contact: Kendra Low
Telephone: 604-889-4790
Email: [email protected]
ITEM 9 DATE OF REPORT
April 7, 2026