Stornoway Closes $10,051,000 Financing

 Stornoway Diamond Corporation (TSX:SWY) closed its private placement financing of flow-through common shares for aggregate gross proceeds of $10,051,000.
As quoted in the press release:

Dundee Securities Ltd., on behalf of a syndicate of underwriters, including Scotia Captial Inc. and Desjardins Securities Inc. (collectively, the “Underwriters”), sold 10,580,000 Flow-Through Shares, including 1,380,000 Flow-Through Shares issued pursuant to the exercise in full of the over-allotment option by the Underwriters at an issue price of $0.95 per Flow-Through Share. The Flow-Through Shares issued pursuant to the Offering will be subject to a four-month hold period expiring April 4, 2014.

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