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Dominion Diamond Corporation (TSX:DDC,NYSE:DDC) announced its relocation to Calgary, Alberta, or its current corporate office in Yellowknife, NWT.
Dominion Diamond Corporation (TSX:DDC,NYSE:DDC) announced its relocation to Calgary, Alberta, or its current corporate office in Yellowknife, NWT.
As quoted in the press release:
…as part of the measures taken to reduce operating costs and support the long-term strength of the Company, the Board of Directors and the Senior Leadership Team have made the decision to relocate the Company’s corporate office from Yellowknife, Northwest Territories to Calgary, Alberta.
The move is projected to be completed by the middle of calendar year 2017. The Company expects to realize savings of approximately C$19 million annually.
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