Stornoway Weighs Selling Gem Marketing Rights to Fund Renard

Mining Weekly reported Stornoway Diamonds (TSX:SWY) hopes to raise money for a diamond mine by selling marketing rights.

The market news is quoted as saying,

The company is finalising the feasibility study into the planned two-million-carat-a-year mine, which it should publish “within weeks”.

The main consideration for Stornoway in raising the capital to build the mine is to issue as little new equity as possible, Manson told Mining Weekly Online, on the sidelines of the Toronto Resource Investing conference.

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