Revenue streaming !Revenue streaming, like Stornoway , Integra is working on financing Lamaque. Talking to John de Jong at the PDAC he stated there are many options they are looking at in regards to funding Lamaque. Stated they would not have to use equity financing ,, this "
Revenue streaming" may be a option ? The new Liberal government
vows to speed up development of the province’s vast northern territory.
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Stornoway financing deal pushes Quebec’s first diamond mine closer to reality
Handout/Stornoway Diamond CorpStornoway chief executive Matt Manson is trying to make history by starting Quebec's first diamond mine, Renard, located just north of the Otish mountains in Quebec's James Bay region.
• Stornoway Diamond Corp. has clinched binding finance commitments to build Quebec’s first diamond mine as the new Liberal government vows to speed up development of the province’s vast northern territory.
In a mix of debt, equity and revenue streaming, the Montreal-based miner said it had secured pledges worth $944-million from the Quebec government, U.S. private equity firm Orion as well as pension fund manager Caisse de dépôt et placement du Québec. The company will sell $184-million of shares as part of the deal in a public offering led by Scotiabank, Dundee Capital Markets and RBC Capital Markets.
Stornoway chief executive Matt Manson is trying to make history by starting Quebec’s first diamond mine, Renard, located just north of the Otish mountains in Quebec’s James Bay region. Diamond production in its base case estimate will average 1.6 million carats per year for a total of 18 million carats. An all-season road is being completed with a view of beginning commercial production in the second quarter of 2017.