May 31, 2012: North Vancouver, BC – Stornoway Diamond Corp. (Stock Profile – TSX: SWY) announced the relocation of its head office to Montréal, Québec from North Vancouver, British Columbia, effective immediately. The relocation reflects Stornoway’s focus on the successful development of the 100% owned Renard Diamond Project, which is on track to becoming Québec’s first diamond mine.
Matt Manson, President and CEO, commented: “Today’s announcement represents another step in Stornoway’s continuing evolution. Renard is a major undeveloped diamond asset with a significant potential mine life. As we work to develop it, our center of gravity on an operational, administrative, corporate and financial basis is moving eastwards. It now makes sense to consolidate our head office and operating functions in one location. Initially, we expect minimal relocation of staff associated with this announcement. Our exploration team will continue to operate out of North Vancouver, with a mandate to explore all of Canada. However, Montreal will become our platform for expansion as we build our mining team and corporate support staff. We are proud to be able to contribute to the long-established reputation of Montreal as a head office center for the Canadian mining industry“.
For more on the company’s Renard Diamond Project – CLICK HERE.