Diamond miner Stornoway obtains bridge credit facility of up to $20 mln

Montréal-based Stornoway Diamond Corp (TSX:SWY) has entered into an unsecured non-revolving bridge credit facility of up to $20 million with Ressources Québec, a subsidiary of Investissement Québec, the company's largest shareholder. Proceeds of the facility will be used for the development of the Renard Diamond Project in the James Bay region of north-central Québec, and for general corporate purposes. Stornoway has also been backed by the Fonds de solidarité des travailleurs du Québec FTQ.

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