Stornoway Granted Approval and Vesting Order

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Oct 07, 2019
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LONGUEUIL, Québec, Oct. 07, 2019 (GLOBE NEWSWIRE) -- Stornoway Diamond Corporation (the “Corporation” or “Stornoway”) announced today that the Corporation and its subsidiaries, Stornoway Diamonds (Canada) Inc., Ashton Mining of Canada Inc. and FCDC Sales and Marketing Inc. (collectively, the “SWY Parties”) have obtained an approval and vesting order (the “Approval and Vesting Order”) from the Superior Court of Quebec (Commercial Division) issued in connection with the proceedings under the Companies’ Creditors Arrangement Act (“CCAA”).