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Public Comment Period Opens for Renard Diamond Project
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The Canadian Environmental Assessment Agency is conducting a comprehensive environmental assessment on Stornoway Diamond Corporation's Renard diamond project in Quebec and opened the public commenting period. Stornoway is proposing to develop the diamond mine on its Foxtrot...
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Mining
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May 10, 2013
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Jeff Miller
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Mining
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Apr 11, 2013
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Jeff Miller
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Stornoway Reports Winter Ice Road Fatality
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Stornoway Diamond Corporation reported a fatality on its winter ice road that links Route 167 to its Renard diamond project in Quebec. The company stated that a truck driver, who was working for a transport company, was killed on March 11 in an isolated incident, while delivering mining supplies with...
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Mining
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Mar 12, 2013
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Jeff Miller
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Stornoway Completes Renard 65 Recovery
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Stornoway Diamond Corporation completed its diamond recovery program from the Renard 65 bulk sample in north-central Quebec, unearthing a total of 962.8 carats larger than a +1 Diamond Trading Company (DTC) size sieve from 5,080.8 dry...
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Mining
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Feb 25, 2013
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Jeff Miller
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Stornoway Aims to Borrow $475M For Renard
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Stornoway Diamond Corporation has entered into a mandate letter with seven financial institutions in connection with financing the Renard diamond project. The terms arrange senior loans of up to $475 million, though this does not...
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Mining
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Sep 06, 2012
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Jeff Miller
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Mining
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Jul 06, 2012
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Jeff Miller
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Stornoway Arranges a $20M Debt Facility for Renard
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Stornoway Diamond Corporation entered into a $20 million unsecured debt facility with lenders, the Fonds de solidarité FTQ, the Fonds régional de solidarité FTQ Nord-du-Québec, S.E.C. and Investissement Québec, through its indirect wholly-owned...
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Financial-Legal
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May 04, 2012
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Jeff Miller
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Stornoway Raises $5M in Private Placement
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Stornoway Diamond Corporation closed a private placement with the explorer's largest shareholder, Diaquem Inc., an indirect wholly-owned subsidiary of Investissement Quebec, for aggregate gross proceeds of $5,097,950. The placement was completed as a result of Diaquem exercising...
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Mining
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Apr 20, 2012
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Jeff Miller
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Mining
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Mar 27, 2012
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Jeff Miller
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Stornoway Deal Could Raise $15M for Renard
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Stornoway Diamond Corporation entered into a bought-deal financing agreement with Scotiabank for 15 million units. The aggregate gross proceeds of the offering are expected to be $15 million and the miner will use these funds...
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Financial-Legal
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Mar 09, 2012
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Jeff Miller
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Stornoway Initiates Construction of Renard Road Extension
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Stornoway Diamond initiated construction activity on the Route 167 Extension, the road development project that will provide year-round access to the Renard diamond project in Canada. Matt Manson, Stornoway's president, explained that this...
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Mining
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Feb 03, 2012
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Jeff Miller
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Stornoway Notes 56% Increase for Renard Price Estimate
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In its ongoing feasibility study for the Renard diamond project, Stornoway Diamond Corporation determined that the "base case modeled" diamond price for Renard 2 and 3 rose 56 percent from the valuation taken in September...
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Mining
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Jun 13, 2011
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Jeff Miller
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