Stornoway Diamond is pleased to announce the results of the vote at its annual meeting of shareholders held on October 23, 2013 in Montréal, Québec. Each of the director nominees proposed by management for election was elected to the Board of Directors, without a vote by ballot being conducted. Stornoway received proxies with regard to voting on the ten directors nominated for election as set forth below: NOMINEE ...
MONTREAL, QUEBEC--(Marketwired - Oct 21, 2013) - Stornoway Diamond Corp. (TSX:SWY) is pleased to announce the results of a recent feasibility study on the viability of a Liquefied Natural Gas ("LNG") fuelled power plant for the Renard Diamond Project. The study was authored by SNC-Lavalin Inc. and AMEC America Ltd. under the Renard Project EPCM joint venture, and demonstrates substantial benefits to the project in terms [...]
Made Possible by the Expected Completion of the Renard Mine Road Ahead of Schedule and Below Budget MONTREAL, QUEBEC--(Marketwired - Oct 10, 2013) - Stornoway Diamond Corp. (TSX:SWY) is pleased to announce that owing to the expected completion of the Renard Mine Road significantly below budget, an agreement has been reached with the Government of Québec to allow the residual amount of the financing facility established for the construction of the road to be utilized for the immediate construction of the Renard Mine Airport. The early construction of permanent airstrip facilities close to the Renard Diamond Project will better assist Stornoway in mitigating construction risk at the Renard Diamond Project during 2014 and 2015, and will... [...]
MONTREAL, Oct. 3, 2013 /CNW Telbec/ - Stornoway Diamonds, along with Quebec's Natural Resources Minister Martine Ouellet, invites journalists to a news conference on Monday, October 7, for the inauguration of the extension of Highway 167 and the Renard mine road, which will enable construction vehicles to travel from Témiscamie (km zero) to the Renard diamond mine site, 240 km to the north. The completion of this road is an important milestone that will enable Stornoway to begin construction of the "Renard" diamond mine, the first such mine in Quebec. For this activity, Stornoway is offering journalists a unique opportunity to visit the site of the Renard diamond deposit, located some 2... [...]
MONTREAL, Oct. 3, 2013 /CNW Telbec/ - Stornoway Diamonds, along with Quebec's Natural Resources Minister Martine Ouellet, invites journalists to a news conference on Monday, October 7, for the inauguration of the extension of Highway 167 and the Renard mine road, which will enable construction vehicles to travel from Témiscamie (km zero) to the Renard diamond mine site, 240 km to the north. The completion of this road is an important milestone that will enable Stornoway to begin construction of the "Renard" diamond mine, the first such mine in Quebec. For this activity, Stornoway is offering journalists a unique opportunity to visit the site of the Renard diamond deposit, located some 2... [...]
MONTREAL, QUEBEC--(Marketwired - Oct 2, 2013) - Stornoway Diamond Corp. (TSX:SWY) is pleased to announce that it has entered into an unsecured non-revolving bridge credit facility of up to $20 million with Ressources Québec, a subsidiary of Investissement Québec, Stornoway's largest shareholder, through its indirect wholly-owned subsidiary Diaquem Inc. (the "Lender"). The proceeds of the facility will be used in connection with the development of the Renard Diamond Project and for general corporate purposes, including costs relating to Stornoway's ongoing project financing activities. Matt Manson, Stornoway's President and CEO, stated: "This credit facility is intended to provide Stornoway with good funding flexibility as we pursue our pr... [...]
MONTREAL, QUEBEC--(Marketwired - Aug 15, 2013) - Stornoway Diamond Corp. (TSX:SWY) is pleased to announce the appointment of Mr. Hume Kyle to the Board of Directors, effective immediately. Mr. Kyle is the Executive Vice President and Chief Financial Officer of Dundee Precious Metals Inc. Mr. Ebe Scherkus, the Chair of Stornoway's Board of Directors commented: "We are very pleased to welcome Hume to the Stornoway board [...]
MONTREAL, QUEBEC--(Marketwired - Aug 7, 2013) - Stornoway Diamond Corp. (TSX:SWY) is pleased to provide an update on recent activities at certain non-core exploration properties under option to North Arrow Minerals Inc. ("North Arrow"; see Stornoway press release dated March 14, 2013). The option agreement allows North Arrow to acquire an 80% interest in each of the Qilalugaq, Pikoo and Timiskaming exploration projects by [...]
Successful Conversion of Renard 65 to Indicated Mineral Resource LONGUEUIL, QUEBEC--(Marketwired - Jul 23, 2013) - Stornoway Diamond Corp. (TSX:SWY) is pleased to announce an updated Mineral Resource estimate by GeoStrat Consulting Services Inc. for the Renard Diamond Project, Stornoway's 100% owned flagship development project located in north-central Quebec. The update follows the successful completion of the Renard [...]
Major Project Permitting Completed on Schedule MONTREAL, QUEBEC--(Marketwired - Jul 16, 2013) - Stornoway Diamond Corp. (TSX:SWY) is very pleased to announce the receipt of a positive Environmental Assessment Decision for the Renard Diamond Project from the Canadian Environmental Assessment Agency. The project has now received all of the major Québec and federal government authorizations required to commence construction. Matt Manson, Stornoway's President and CEO, stated: "Today's announcement of the completion of major project permitting at Renard comes just 18 months after the filing of the project's Environmental and Social Impact Assessment. This is an extraordinary achievement by Stornoway'... [...]
MONTREAL, QUEBEC -- (Marketwired) -- 06/25/13 -- Stornoway Diamond Corporation (TSX: SWY) is pleased to confirm that strike action taken by the Alliance of Unionized Construction Workers of Quebec has been settled with respect to construction activities related to civil and earth works in the province. The limited interruption that this strike action caused to construction activities on the Renard Mine Road is now over [...]