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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.

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7936567 Canada Inc

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Comment by mjl777on Apr 16, 2014 9:47am

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Post# 22457505

RE:RE:RE:RE:RE:RE:RE:Deep Directional Drilling

I hear you ebuymp, but I would counter that Stornoway doesn't have the luxury of time on its side. The price of the public offering (and by extension the PP's) will be set in the context of the market the week of April 28th. I realize that the price hasn't been set yet (according to reports), but isn't anyone concerned that the proposed financing is much more expensive and dilutive than necessary? How do posters intend to vote their shares if the price of the public offering and PP's is set at $1.00, or even less? Have posters resigned themselves to a dubious fate and finally come to accept Stornoway's ongoing mediocrity?

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