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7936567 Canada Inc SWYDF

Metals & Mining Industrial Metals & Minerals
Stornoway Diamond Corp is a leading Canadian diamond exploration and producing company. Its principal business is the development of its flagship asset, the fully-owned Renard Mine, located in Quebec, Canada. The company intends to grow its business through the exploration and development of its mines. Stornoway also holds interests in a portfolio of exploration assets across Canada through owned properties and joint ventures. These properties and joint ventures include projects such as Adamantin, Qilalugaq and Pikoo.


GREY:SWYDF - Post by User

7936567 Canada Inc
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Comment by goofenoffon Mar 06, 2014 3:15pm
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Post# 22290798

RE:RE:RE:RE:RE:Delay of financing possible

RE:RE:RE:RE:RE:Delay of financing possibleKodiboy,  a partial answer to your question is also on pg 12 of the MD&A: "The next largest increase for the nine-month period was in deferred financing fees, which increased to $10.4 million as at Janaury 31, 2014 from $4.3 million as at April 30, 2013, a reflection of management’s efforts to arrange financing for the Renard Diamond Project."
Diaquem is fully backing Stornoway financially. The have no choice as they can not let it go bankrupt.
No worries mate, goofy
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