03:54 PM EST - Stornoway Diamond Corporation : announced that on May 3, it entered into a $20-million unsecured debt facility with the Fonds de solidarité FTQ, the Fonds régional de solidarité FTQ Nord-du-Québec, S.E.C. and Investissement Québec, through its indirect wholly-owned subsidiary Diaquem Inc. (collectively with the Fonds, the "Lenders"). The proceeds of the facility shall be used to finance pre-development work at the Renard Diamond Project, including the initiation of detailed engineering, the ordering of long-lead mining equipment and the expansion of Stornoway's Quebec based mining team. The loan has been provided 75% by the Fonds and 25% by Diaquem. Stornoway Diamond Corporation
shares T.SWY are trading unchanged at $0.86.
