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.

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7936567 Canada Inc > selling the cmpany

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Comment by explmanon Sep 09, 2019 5:17pm

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Post# 30110374

RE:selling the cmpany

So Roberto, one last time..... Secured creditors provided the money to build the mine. Without them, there would be no mine. And note the word "secured". What was the form of security you ask, well, in this case, the mine itself. The company has more debt that it can afford and the creditors are taking over the asset. It is as simple as that. There is no "sale" per se. And as for shareholders getting a vote, soon, there will be no shareholders. As gman says, move on.

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