Last C$1.04 CAD
Change Today -0.02 / -1.89%
Volume 311.9K
SWY On Other Exchanges
Symbol
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As of 3:59 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

stornoway diamond corp (SWY) Snapshot

Open
C$1.06
Previous Close
C$1.06
Day High
C$1.06
Day Low
C$1.03
52 Week High
03/31/14 - C$1.22
52 Week Low
07/4/13 - C$0.49
Market Cap
158.8M
Average Volume 10 Days
781.7K
EPS TTM
C$-0.11
Shares Outstanding
152.7M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for STORNOWAY DIAMOND CORP (SWY)

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stornoway diamond corp (SWY) Details

Stornoway Diamond Corporation engages in the exploration and development of diamond projects in Canada. It principally holds a 100% interest in the Renard diamond project located near the Otish Mountains in north-central Quebec. The company was founded in 1986 and is headquartered in Longueuil, Canada.

Founded in 1986

stornoway diamond corp (SWY) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: C$310.0K
Chief Financial Officer, Vice President of Fi...
Total Annual Compensation: C$180.0K
Chief Operating Officer, Director, Member of ...
Total Annual Compensation: C$264.0K
Vice President of Asset Protection
Total Annual Compensation: C$175.0K
Vice President of Engineering & Construction
Total Annual Compensation: C$165.0K
Compensation as of Fiscal Year 2013.

stornoway diamond corp (SWY) Key Developments

Stornoway Diamond Corporation Announces Commencement of 2014 Drill Program at Renard Diamond Project in Québec

Stornoway Diamond Corporation announced the commencement of the 2014 drill program at the Renard Diamond Project in Québec. The current drilling will test the resource potential of the Renard 2 kimberlite below the base of the currently defined Indicated Mineral Resource at 600 meters below surface, at which level Renard 2 is interpreted to be at its maximum size. Two drill rigs are currently set-up on surface at Renard 2 and are undertaking tightly constrained, deep directional drilling from within the kimberlite. The objectives of the program are: The conversion of the estimated 6.2 mCarats of Inferred Mineral Resources between 600m and 700m below surface at Renard 2 (5.2 mTonnes at 119 carats per hundred tonnes, or cpht) to an Indicated Mineral Resource; The addition of additional Inferred Mineral Resources at Renard 2 from 700m to at least 800m depth, an interval within which Stornoway has previously estimated resource upside in the form of a Target for Further Exploration of between 4.2 and 7.3 mCarats; and the exploration of Renard 2 below 800m to a depth of 1000m or greater through deep, wild-cat drilling.

Stornoway Diamond Corporation - Special Call

To discuss binding financing commitment agreement with Orion Co-Investments I Limited, Ressources Québec and the Caisse de dépôt et placement du Québec for the construction of the Renard Diamond Project and provide an update on the Renard Diamond Project

Stornoway Diamond Corporation Draws Second Tranche of $20 Million Bridge Facility and Announces Extension of Maturity Date of Facility with Diaquem Inc

Stornoway Diamond Corporation announced that it has drawn on the second tranche of its unsecured non-revolving bridge credit facility of up to $20 million with Diaquem Inc. entered into in October 2013. The proceeds of the second tranche of the facility, in an amount of $10 million, will be used in connection with the development of the Renard Diamond Project and for general corporate purposes, including costs relating to Stornoway's ongoing project financing activities. The facility is now fully drawn. Stornoway also announced that Diaquem has agreed to extend the maturity date of the facility from March 28, 2014 to the earlier of June 27, 2014 and the date on which financial closing and initial disbursement occurs with respect to the financing of the development of the Renard Diamond Project. The facility bears interest at 12% per annum, and Stornoway has the right to satisfy up to 50% of the interest payable on the aggregate of the amounts loaned to Stornoway pursuant to the facility by issuing to the Lender common shares of Stornoway at an issue price of 95% of the volume weighted average price of such shares as of the interest payment date, while the remaining portion of interest payable on such amounts will be paid in cash.

 

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