Stornoway Announces Results From Annual General Meeting

Stornoway Announces Results From Annual General Meeting

by ahnationtalk on May 16, 201865 Views

LONGUEUIL, Quebec, May 16, 2018  — Stornoway Diamond Corporation (TSX:SWY) (the “Corporation” or “Stornoway”) 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:

NOMINEE VOTES FOR % VOTES FOR VOTES WITHHELD % VOTES WITHHELD
Godin, Patrick 583,310,405 98.10 11,323,240 1.90
Kyle, Hume 591,368,323 99.45 3,265,322 0.55
LeBoutillier, John 557,867,503 93.82 36,766,142 6.18
Manson, Matthew 590,945,104 99.38 3,688,541 0.62
Morin, Gaston 591,288,073 99.44 3,345,572 0.56
Nixon, Peter 555,629,725 93.44 39,003,920 6.56
Scherkus, Ebe 592,352,703 99.62 2,280,942 0.38
Tawil, Marie-Anne 590,004,875 99.22 4,628,770 0.78

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 www.sedar.com.

About the Renard Diamond Mine

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.

About Stornoway Diamond Corporation

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 Board
STORNOWAY DIAMOND CORPORATION
/s/ “Matt Manson”
Matt Manson
President and Chief Executive

For more information, please contact Matt Manson (President and CEO) at 416-304-1026 x2101
or Orin Baranowsky (CFO) at 416-304-1026 x2103 or Jodi Hackett (Manager, Communications) at 416-304-1026 x2104
or toll free at 1-877-331-2232Pour plus d’information, veuillez contacter M. Ghislain Poirier, Vice-président Affaires publiques de Stornoway au 418-254-6550, gpoirier@stornowaydiamonds.com** Website: www.stornowaydiamonds.com Email: info@stornowaydiamonds.com **

NT4

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