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Stornoway Diamond Corp (2)
Symbol C : SWY
Shares Issued 835,564,424
Close 2018-05-15 C$ 0.57
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Stornoway shareholders elect eight directors at AGM

2018-05-16 12:26 ET - News Release

Mr. Matt Manson reports


Stornoway Diamond Corp. has released the results of the vote at its annual general meeting of shareholders held on May 15, 2018, in Montreal, Que.

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 in the attached table.

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. Scherkus has been reappointed as chairman of the board, and PricewaterhouseCoopers LLP has been reappointed 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 SEDAR website.

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 kilometres north of the Cree community of Mistissini, and 350 kilometres north of Chibougamau in the James Bay region of north-central Quebec. Construction on the project commenced on July 10, 2014, and commercial production was declared on Jan. 1, 2017. Average annual diamond production is forecast at 1.8 million carats per year over the first 10 years of mining. Readers are referred to the technical report dated Jan. 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 Corp.

Stornoway is a leading Canadian diamond exploration and production company listed on the Toronto Stock Exchange under the symbol SWY and headquartered in Montreal. A growth-oriented company, Stornoway owns a 100-per-cent interest in the world-class Renard mine, Quebec's first diamond mine.

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