LONGUEUIL, Quebec, Feb. 03, 2016 (GLOBE NEWSWIRE) -- Stornoway Diamond Corp. (TSX:SWY) (the “Corporation” or “Stornoway”) is pleased to announce a revised construction schedule for the Renard Diamond Project with an associated reduction in the forecast cost to complete. Re-baselining of the project’s schedule and capital cost forecasts has been made possible following several months of [...]
LONGUEUIL, Quebec, Dec. 9, 2015 (GLOBE NEWSWIRE) -- Stornoway Diamond Corp. (TSX:SWY) (the "Corporation" or "Stornoway") announced today its second quarter results for the three months ended October 31, 2015. Second Quarter FY2016 Highlights (All quoted figures in CAD$) Progress at the Renard Diamond Project continues in line with the planned schedule and budget. Incurred costs and commitments at the quarter-end totaled [...]
Stornoway Diamond is pleased to announce the results of the vote at its annual general meeting of shareholders held on October 19, 2015 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 [...]
LONGUEUIL, Quebec, Oct. 19, 2015 (GLOBE NEWSWIRE) -- Stornoway Diamond Corp. (TSX:SWY) (the "Corporation" or "Stornoway") will host the Corporation's Annual General Meeting of shareholders today, October 19th, 2015 at 4:00 pm at the Marriott Ch teau Champlain, 1, Place du Canada, Montreal, Québec. Upon the conclusion of the official business of the meeting, a presentation on the Corporation and construction [...]
LONGUEUIL, Quebec, Oct. 14, 2015 (GLOBE NEWSWIRE) -- Stornoway Diamond Corp. (TSX:SWY) (the "Corporation" or "Stornoway") is pleased to announce that it has filed an updated Technical Report under National Instrument ("NI") 43-101 – Standards for Disclosure for Mineral Projects following the publication of the updated Renard Mineral Resource Estimate on September 24, 2015. The Renard Mineral Resource Estimate [...]
LONGUEUIL, Quebec, Oct. 1, 2015 (GLOBE NEWSWIRE) -- Stornoway Diamond Corporation (TSX:SWY) the "Corporation" or "Stornoway") is pleased to announce that it has successfully completed the drawdown of the second US$80m tranche of diamond stream funding from Orion Mine Finance ("Orion"), the Caisse de dépôt et placement du Québec ("CDPQ") and Blackstone Tactical Opportunities ("Blackstone"). Under Stornoway's C$946 million1 project financing transaction, which closed on July 8th, 2014, a total of US$250 million in upfront stream payments were committed by Orion and the CDPQ to fund in three tranches, scheduled for March 2015, September 2015 and March 2016. On April 28th, 2015, Blackstone an... [...]
LONGUEUIL, Quebec, Sept. 24, 2015 (GLOBE NEWSWIRE) -- Stornoway Diamond Corp. (TSX:SWY) (the "Corporation" or "Stornoway") is pleased to announce an update to the Renard Diamond Project Mineral Resource estimate. Highlights A 16% increase in the Indicated Mineral Resources of Renard 2 to 21.6 million carats achieved through the conversion of Inferred Mineral Resources to 700 meters depth. An 11% increase in the total [...]
LONGUEUIL, Quebec, Sept. 14, 2015 (GLOBE NEWSWIRE) -- Stornoway Diamond Corp. (TSX:SWY) (the "Corporation" or "Stornoway") announced today its first quarter results for the three months ended July 31, 2015. First Quarter FY2016 Highlights (All quoted figures in CAD$) Construction at the Renard Diamond Project continues in line with the planned schedule and budget. Incurred costs and commitments at the quarter-end totaled [...]
MONTREAL, QUEBEC--(Marketwired - Jun 17, 2015) - Stornoway Diamond Corp. (TSX:SWY)(the "Corporation" or "Stornoway") announced today its fourth quarter results for the three months ended April 30, 2015 and full year results for Fiscal Year 2015. Matt Manson, President and CEO, commented "During the fiscal year just ended, Stornoway successfully completed a C$946million(1) project financing transaction for the Renard [...]
MONTREAL, QUEBEC--(Marketwired - Apr 30, 2015) - Stornoway Diamond Corp. (TSX:SWY) (the "Corporation" or "Stornoway") is pleased to announce that Blackstone Tactical Opportunities, an affiliate of Blackstone (NYSE:BX), has acquired a meaningful equity position in Stornoway and a minority ownership interest in the Renard diamond stream by way of a secondary market transaction with Orion Mine Finance ("Orion"). The Renard [...]
MONTREAL, QUEBEC--(Marketwired - Apr 7, 2015) - Stornoway Diamond Corp. (TSX:SWY) (the "Corporation" or "Stornoway") is pleased to announce that it has commenced the principal concrete pour at the Renard Diamond Project process plant. Construction of the 2.2mtonne per annum diamond plant represents the project's critical path activity. Today's important milestone has been achieved on schedule despite below-average [...]
MONTREAL, QUEBEC--(Marketwired - Apr 2, 2015) - All of us at Stornoway Diamond Corp. (TSX:SWY) wish to express our sincerest condolences to the families and loved ones of the five young members of the Cree community of Mistissini who have tragically lost their lives in a fire while hunting. Many of the five were close family members of current Stornoway employees and contractors. In the face of such a devastating loss to [...]