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Stornoway Diamond Corporation (TSE:SWY) reports the appointment of Mme Monique Mercier, M. John LeBoutillier and M. Michel Blouin to its Board of Directors with immediate effect.
Stornoway Diamond Corporation (TSX:SWY) reports the appointment of Mme Monique Mercier, M. John LeBoutillier and M. Michel Blouin to its Board of Directors with immediate effect.
The press release is quoted as saying:
The new appointments have been made pursuant to the recent acquisition by Stornoway of the 50% interest in Renard Diamond Project previously held by DIAQUEM Inc. (“DIAQUEM”), a wholly-owned subsidiary of SOQUEM INC., itself a wholly-owned subsidiary of Investissement Québec. The Renard Diamond Project is Stornoway’s flagship property, with a Feasibility Study and an associated Environmental and Social Impact Assessment on track for completion in the third quarter of this year. As provided under the terms of the acquisition and permitted under the Articles of Stornoway, the new directors have been designated by Investissement Québec and appointed by the Board of Directors.
Stornoway’s Chairman of the Board of Directors, Eira Thomas says:
“On behalf of my fellow directors, I would like to welcome Monique, John and Michel to Stornoway’s Board. These new appointments come at an exciting time in the Company’s evolution as we await the receipt of the Renard Feasibility Study and look ahead to the task of developing Québec’s first diamond mine. In this context, we are pleased to be able to announce the appointment of three such experienced and talented members of the Québec business community.”
Click here to access the entire news release.
