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Stornoway Diamond receives 3rd tranche of stream funding, appoints new CFO

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Stornoway Diamond receives 3rd tranche of stream funding, appoints new CFO

StornowayDiamond Corp. said March 31 that it has received the third andfinal US$90 million tranche of diamond stream funding from Orion Mine Finance,the Caisse de depot et placement du Quebec, and Blackstock TacticalOpportunities.

Stornoway received a total of US$250 million for streampayments.

Following the drawdown, Stornoway is entitled to draw uponits C$100 million senior secured loan from Diaquem Inc. to complete minedevelopment.

Stornoway has appointed Robert Chausse as CFO, whopreviously served asCFO of Aurico Metals Inc.

The company has also appointed Orin Baranowsky as vicepresident of investor relations and corporate development.