Stornoway Diamond Corp.

LONGUEUIL, Québec, July 15, 2016 (GLOBE NEWSWIRE) -- Stornoway Diamond Corp. (TSX:SWY) (the “Corporation” or “Stornoway”) is pleased to announce that processing of ore has commenced at the Renard Diamond Project. This marks the beginning of a processing ramp-up designed to achieve 100% of plant nameplate capacity (2.16Mtonnes/annum at 78% plant utilization) within 9 months. Commercial [...]

LONGUEUIL, Québec, July 11, 2016 (GLOBE NEWSWIRE) -- Stornoway Diamond Corporation (TSX:SWY) (the “Corporation” or “Stornoway”) is pleased to announce that, prior to their expiry on Friday, July 8, 2016, 91,912,732 common share purchase warrants were exercised at a price of $0.90 per share for total proceeds to the Corporation of C$82.72 million. This represents 97.47% of the warrants issued [...]

LONGUEUIL, Québec, June 29, 2016 (GLOBE NEWSWIRE) -- Stornoway Diamond Corp. (TSX:SWY) (the “Corporation” or “Stornoway”) would like to remind holders of its common share purchase warrants, issued on July 8, 2014 and exercisable at C$0.90 per share (the “Warrants”) (TSX:SWY.WT.A), of their expiry at 5:00 pm (Eastern time) on July 8, 2016. Pursuant to the terms of the July 8, 2014 [...]

LONGUEUIL, Québec, June 22, 2016 (GLOBE NEWSWIRE) -- Stornoway Diamond Corp. (TSX:SWY) (the “Corporation” or “Stornoway”) is pleased to announce the completion of Pre-Operational Verification (“POV”) at the Renard Project diamond process plant and the formal commencement of plant commissioning. All principal plant equipment and control systems have now been installed and tested [...]

LONGUEUIL, Quebec, June 06, 2016 (GLOBE NEWSWIRE) -- Stornoway Diamond Corp. (TSX:SWY) (the “Corporation” or “Stornoway”) is pleased to provide an update on operational readiness at the Renard Diamond Project ahead of expected first diamond production later this year. At the end of May overall construction progress stood at 96% compared to the recently re-baselined plan of 90% (and the initial plan [...]

Stornoway Diamond is pleased to announce the results of the vote at its annual general meeting of shareholders held on May 16, 2016 in Montréal. 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 [...]

LONGUEUIL, Quebec, May 10, 2016 (GLOBE NEWSWIRE) -- Stornoway Diamond Corp. (TSX:SWY) (the “Corporation” or “Stornoway”) announced today its results for the quarter ended March 31, 2016. Quarter ended March 31, 2016 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 quarter-end [...]

LONGUEUIL, Quebec, May 05, 2016 (GLOBE NEWSWIRE) -- Stornoway Diamond Corp. (TSX:SWY); (the “Corporation” or “Stornoway”) is pleased to announce the discovery of kimberlite at its 100% owned Adamantin Project located approximately 100km south of the Renard Diamond Project and 25km west of the Route 167 Extension in north central Québec. To date 11 distinct kimberlite bodies have been [...]

LONGUEUIL, Quebec, March 31, 2016 (GLOBE NEWSWIRE) -- Stornoway Diamond Corp. (TSX:SWY) (the “Corporation” or “Stornoway”) is pleased to announce that it has successfully completed the drawdown of the third and final US$90m tranche of diamond stream funding from Orion Mine Finance (“Orion”), the Caisse de dépôt et placement du Québec (“CDPQ”) and [...]

LONGUEUIL, Quebec, March 30, 2016 (GLOBE NEWSWIRE) -- Stornoway Diamond Corp. (TSX:SWY) (the “Corporation” or “Stornoway”) is pleased to announce the results of an updated Mine Plan and Mineral Reserve estimate for the Renard Diamond Project. Highlights (All quoted figures in CAD$ unless stated otherwise) A 25% increase in the Probable Mineral Reserves from 17.9 to 22.3 million carats [...]