RapNet


Rapaport News

 

Mining

 
Rapaport Broadcast
Martin Rapaport’s Webinar on Estate Jewelry
October 30 2019

Advanced search
Latest Articles
Videos
Features
News
Mining
Rough Markets
Polished Markets
Manufacturing
Retail

Stornoway to Lose Stock-Exchange Listing

Toronto bourse will suspend the company on October 18.
Sep 22, 2019 5:56 AM   By Rapaport News
Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT... The Toronto Stock Exchange is set to delist Stornoway Diamond Corporation following the miner’s move to seek creditor protection.

The company received notice from the bourse that it would be removed from the exchange at close of business on October 18, Stornoway said last week. The exchange has already suspended the company’s shares from trading. 

Stornoway’s major lenders agreed to take over the company after mounting debts forced it to default on a bridge loan, it explained earlier this month. The company will continue to manage the mine for the time being.

Image: The Renard mine. (Stornoway Diamond Corporation)
Tags: delisting, Rapaport News, stornoway, Stornoway Diamond Corporation
Similar Articles
rough diamond in fingers Diamcor 150Diamcor Shifts Back into Black
Nov 19, 2019
Diamcor Mining returned to profit in the second fiscalquarter, as an efficiency program...
Zimbabwe to Take Smaller Cut of Diamond Sales
Rio Tinto Seeks Majority Stake in Canada Site
Petra Sells 20ct. Blue Diamond for $15M
AlrosaAlrosa Profit Drops in Third Quarter
Nov 10, 2019
Weak rough-diamond demand led to a decline in profit at Alrosa in the third...
Mountain Province Slides to Net Loss
Gem Diamonds Lowers Full-Year Outlook
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First



Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
  
twitter twitter
About Rapaport
Advertise with us