MONTREAL, QUEBEC--(Marketwired - Jul 8, 2014) -
Stornoway Diamond Corp. (TSX:SWY)(the "Corporation" or "Stornoway") is pleased to announce that it has closed its previously announced financing transactions (the "Financing Transactions") with Orion Mine Finance, Diaquem Inc. and Ressources Québec (wholly-owned subsidiaries of Investissement Québec), and the Caisse de dépôt et placement du Québec. The Financing Transactions are intended to provide a comprehensive funding package for the construction of the Renard Diamond Project. In total C$946 million(1) has been funded, or committed for funding, through a combination of senior and subordinated debt facilities, equity issuances, an equipment financing facility with ...
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