10 November 2014
Stornoway Diamond Corporation (TSX-SWY; the “Corporation” or “Stornoway announces that its US$81,257,000 convertible debentures due July 8, 2021, begin trading today, Monday November 10, 2014, on the Toronto Stock Exchange (TSX). The debentures pay interest semi-annually in arrears on June 30 and December 31 and are convertible into Stornoway common shares at C$0.945 per common share.
About the Renard Diamond Project
The Renard Diamond Project is located approximately 250 km north of the Cree community of Mistissini and 350 km north of Chibougamau in the James Bay region of north-central Québec. On July 8th 2014 Stornoway announced the completion of a C$946 million project financing transaction to fully fund the project to production, and construction commenced on July 10th, 2014. First ore is scheduled to be delivered to the plant in the second half of 2016 with commercial production scheduled for the 2nd quarter of 2017.