Stornoway Diamond Corporation is pleased to announced that it has closed a $22 million private placement (the “Private Placement”) comprising 24,444,444 common shares at a price of $0.90 per common share split equally between Agnico-Eagle Mines Limited (”Agnico-Eagle”) and Lorito Holdings Limited (”Lorito”), as previously announced on July 16, 2008. Agnico-Eagle and Lorito held, equally [...]

On July 16, 2008, Stornoway Diamond Corporation (Toronto:SWY.TO) announced that, subject to negotiating the definitive subscription agreement and receiving all necessary approvals, it intends to effect a $22 million private placement (the “Private Placement”) comprising 24,444,444 common shares at a price of $0.90 per common share split equally between Agnico-Eagle Mines Limited (”Agnico-Eagle”) and Lorito [...]