Diamonds on the Mind: Blackstone Invests in Stornoway
May 04, 2015
Blackstone has acquired an equity position in Stornoway Diamond Corporation (TSX: SWY), along with a minority ownership interest in the company's Renard diamonds stream business, through a secondary market transaction with Orion Mine Finance. The Renard Diamonds Project is the flagship asset of Stornoway, a Canadian diamond exploration and development company. Following the transaction, Orion remains the majority owner of the Renard stream interest and the second largest shareholder in Stornoway.