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7936567 Canada Inc SWYDF

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

Bullboard Posts
Comment by mjl777on Apr 10, 2014 9:27pm
178 Views
Post# 22437868

RE:swy should dividend out Aviat to the original share holders

RE:swy should dividend out Aviat to the original share holdersStornoway could have easily structured the deal to include the spin off of the exploration properties to existing shareholders. How many sweeteners do the entities putting new money in need? Let's, call a spade a spade. The deal Stornoway announced is a slap in the face to minority shareholders. It's a sell out. The full participation referred to in the NR is lip service. Yes it's difficult to raise capital, but the excessive dilution could have been avoided. I understand that we have to accept some pain. It's the magnitude of the pain that's disconcerting and disappointing to witness.
Bullboard Posts