Stornoway announces Renard Mine completion certification

7 February 2018

Stornoway Diamond Corporation is pleased to announce the attainment of full completion certification at the Renard Mine. Under the terms of Stornoway’s July 2014 material project finance agreements, including the senior secured loan agreement with Diaquem Inc. (a wholly-owned subsidiary of Ressources Québec) and the Renard streaming agreement, completion entails the delivery of certificates for the mine’s physical facilities, the attainment of certain sustained production targets and operating cost efficiencies, certification on the performance of the corporation’s diamond marketing activities, and certification of compliance with the terms of the corporation’s material finance agreements.