Stornoway's PE financing deal endorsed by Agnico Eagle Mines

Stornoway Diamond Corp (TSX: SWY) has entered into an agreement with Agnico Eagle Mines Ltd under which Agnico will vote its Stornoway shares in favour of a diamond project financing deal announced in early April. The $944 million transaction will see Orion Mine Finance Group, Ressources Québec and the Caisse de dépôt et placement du Québec help fund Stornoway's construction of the Renard Diamond Project in Québec. Agnico Eagle owns about 9.7% of the outstanding common shares, and about 8.4% of the outstanding common shares and non-voting convertible shares, of the company.

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