Stornoway Announces Results From Annual General Meeting

World News: . []

LONGUEUIL, Quebec, May 16, 2018 (GLOBE NEWSWIRE) -- (TSX:SWY)is pleased to announce the results of the vote at its annual general meeting of shareholders held on May 15, 2018 in Montréal, Québec. 

Each of the director nominees proposed by management for election was elected to the Board of Directors, without a vote by ballot being conducted.  Stornoway received proxies with regard to voting on the eight directors nominated for election as set forth below:

Mr. Ebe Scherkus has been re-appointed as Chairman of the Board, and PricewaterhouseCoopers LLP has been re-appointed as auditor for the ensuing year.

Final voting results on all matters voted on at the annual general meeting of shareholders will be published shortly on the System for Electronic Document Analysis and Retrieval ("SEDAR") website at

The Renard Diamond Mine is Quebec’s first producing diamond mine and Canada’s sixth. It is located approximately 250 km north of the Cree community of Mistissini and 350 km north of Chibougamau in the James Bay region of north-central Québec. Construction on the project commenced on July 10, 2014, and commercial production was declared on January 1, 2017. Average annual diamond production is forecast at 1.8 million carats per annum over the first 10 years of mining. Readers are referred to the technical report dated January 11, 2016, in respect of the September 2015 Mineral Resource estimate, and the technical report dated March 30, 2016, in respect of the March 2016 Updated Mine Plan and Mineral Reserve Estimate for further details and assumptions relating to the project.

Stornoway is a leading Canadian diamond exploration and development company listed on the Toronto Stock Exchange under the symbol SWY and headquartered in Montreal. Our flagship asset is the 100% owned Renard Diamond Project, Québec’s first diamond mine. Stornoway is a growth oriented company with a world-class asset, in one of the world’s best mining jurisdictions, in one of the world’s great mining businesses.

On behalf of the BoardSTORNOWAY DIAMOND CORPORATION/s/ “Matt Manson”Matt MansonPresident and Chief Executive

More news and information about Stornoway Diamond Corporation

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Globe Newswire: 17:18 GMT Wednesday 16th May 2018

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