27 March 2017
YELLOWKNIFE, NT (March 27, 2017) – Dominion Diamond Corporation (TSX: DDC, NYSE: DDC) (the “Company” or “Dominion”) today announced that its Board of Directors has formed a Special Committee (the “Special Committee”) to explore, review, and evaluate a range of potential strategic alternatives focused on maximizing shareholder value. The members of the Special Committee are Trudy Curran, Jim Gowans, David Smith and Josef Vejvoda.
The Special Committee, working together with the Company’s management team and advisors, will consider alternatives that could include the sale of the company or other strategic transactions.
“While the Board of Directors remains confident in the Company’s long-term strategic plan and the opportunity it provides to enhance value for all shareholders, we are open to exploring all strategic alternatives that are in the best interests of the Company and its stakeholders,” said James Gowans, Chairman of the Board of Dominion Diamond Corporation. “The Board is committed to maximizing shareholder value through a fair and open process and we look forward to engaging constructively with all parties.”