Ms. Jacqueline
Allison reports
DOMINION DIAMOND ANNOUNCES DATE OF ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS
Dominion Diamond Corp.'s annual and special meeting of
shareholders will take place on June 13, 2017. Shareholders as of the
record date, which is the close of business on May 11, 2017, will be
entitled to vote at the annual and special meeting. Further details of
the annual and special meeting will be included in a management
information circular, which is expected to be mailed to shareholders on
or about May 19, 2017.
Update on strategic alternatives review process
As previously announced, the board of directors of the company formed a
special committee to explore, review and evaluate a range of potential
strategic alternatives focused on maximizing shareholder value. That
process is continuing.
In connection with that process, interested parties, including
Washington Corporations, have executed confidentiality agreements with
the company and have been granted access to a confidential data room.
The board of directors has not set a timetable for the review process
nor has it made any decisions related to strategic alternatives at this
time, and there can be no assurance that the exploration of strategic
alternatives will result in any transaction or change in strategy.
The company does not expect to comment further on the review process
unless and until a specific transaction is approved by the board of
directors or the company otherwise decides further disclosure is
appropriate or required.
Update on chief executive officer search process
As previously announced, the nominating and corporate governance committee
of the board of directors has commenced a process to identify potential
candidates to assume the role of CEO and has engaged Korn Ferry to
assist in the process. That process is well under way and several
qualified candidates have been interviewed, but no timetable for an
appointment has been established. An update will be provided as and when
further disclosure is appropriate or required.
About Dominion Diamond Corp.
Dominion Diamond is a Canadian mining company and one of
the world's largest producers and suppliers of premium rough diamond
assortments to the global market. The company operates the Ekati diamond
mine, in which it owns a controlling interest, and owns 40 per cent of
the Diavik diamond mine, both of which are located in the low political
risk environment of the Northwest Territories in Canada. It also has
world-class sorting and selling operations in Canada, Belgium and India.
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