Stornoway Diamond Corp (SWY.TO) Key Developments |
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Stornoway Diamond Corp (SWY.TO)

SWY.TO on Toronto Stock Exchange

24 Jun 2016
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Latest Key Developments (Source: Significant Developments)

Stornoway Diamond reports Q1 loss per share C$0.03
Tuesday, 10 May 2016 05:41pm EDT 

Stornoway Diamond Corp : Stornoway announces 2016 first quarter results .Q1 loss per share C$0.03.  Full Article

Stornoway Diamond announces funding of first tranche of stream financing
Tuesday, 31 Mar 2015 11:07am EDT 

Stornoway Diamond:Completes the drawdown of the first $80 mln tranche of diamond stream funding from Orion Mine Finance and the the Caisse de depot et placement du Quebec.Under Stornoway's C$946 mln project financing transaction, which closed on July 8th, 2014, a total of $250 mln in upfront stream payments were committed by Orion and the CDPQ to fund in three tranches, scheduled for March, Sept and March 2016.Drawdown of each tranche is conditional upon the satisfaction of certain terms and conditions, including the independent certification of construction progress at the Renard Diamond Project and its cost to complete being within plan.With these conditions having been met, the first stream tranche has been funded on schedule.  Full Article

Stornoway Diamond Corp awards EPCM Contract to SNC-Lavalin Inc
Monday, 21 Jul 2014 08:15am EDT 

Stornoway Diamond Corp:Enters into contract for Engineering, Procurement and Construction Management (EPCM) with SNC-Lavalin Inc. for Renard Diamond Project.SNC-Lavalin will provide EPCM services for on-site utilities such as the liquid natural gas power plant, the processing plant building, service buildings, water treatment facilities, and on-site infrastructure.Agreement with SNC-Lavalin contemplates sub-contracted services to be provided by AMEC Americas Ltd. (AMEC) and DRA Americas Inc. (DRA) for certain specialized engineering and field support services relating to project's diamond processing plant and diamond recovery circuits.Total capital cost of site facilities and infrastructure within the scope of the EPCM contract is estimated at about C$425 mln.  Full Article

BRIEF-Stornoway provides Renard operational readiness update

* At end of may overall construction progress stood at 96 pct compared to recently re-baselined plan of 90 pct