24 March 2014
Stornoway Diamond Corporation (TSX-SWY) announces that it has drawn on the second tranche of its unsecured non-revolving bridge credit facility of up to $20 million with Diaquem Inc. (the “Lender”) entered into in October 2013. The proceeds of the second tranche of the facility, in an amount of $10 million, will be used in connection with the development of the Renard Diamond Project and for general corporate purposes, including costs relating to Stornoway’s ongoing project financing activities. The facility is now fully drawn.