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Stornoway Diamond applies for C$946 million CCAA filing

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Caisse de dépôt et placement du Québec

On September  9, 2019, Stornoway Diamond Corporation (the “Corporation” or “Stornoway”) announced that the Corporation and its subsidiaries Stornoway Diamonds (Canada) Inc. (“SDCI”), Ashton Mining of Canada Inc. (“Ashton”), and FCDC Sales and Marketing Inc. (“FCDC” and collectively, the “SWY Parties”) applied to the Superior Court of Quebec (Commercial Division) (the “Court”) for protection under the Companies’ Creditors Arrangement Act (“CCAA”) in order to restructure its business and financial affairs.

Fasken advised Caisse de dépôt et de placement du Québec with a team led by Alain Riendeau and including Brndon Farber and Frank Mariage.



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