Stornoway investors OK PE-backed Renard project funding deal
Investors in Stornoway Diamond Corp (TSX: SWY) on June 26 approved resolutions relating to the financing of the company's Renard Diamond Project in the James Bay region of north-central Québec. Stornoway, a Montréal-based mining company, said the decision by shareholders paves the way to completing transactions that would see global private equity firm Orion Mine Finance Group, Ressources Québec, an affiliate of Investissement Québec, and the Caisse de dépôt et placement du Québec commit to the project's $944 million funding package.
27 June 2014•6 mins read
