Dominion Diamond comments on media rumours
DOMINION DIAMOND Corp. has commented on recent media rumours related to the company’s review of strategic alternatives.
On March 27, 2017, Dominion announced that its board of directors had formed a special committee to explore, review and evaluate a range of potential strategic alternatives focused on maximizing shareholder value. The special committee, working together with the company’s management team and advisers, is considering alternatives that could include the sale of the company. As previously disclosed, interested parties, including Washington Corporations, have executed confidentiality agreements with the company.
The company has not made any decisions related to strategic alternatives at this time, and there can be no assurance that the exploration of strategic alternatives will result in any transaction or change in strategy.
About Dominion Diamond Corp.
Dominion Diamond operates the Ekati diamond mine, in which it owns a controlling interest, and owns 40 per cent of the Diavik diamond mine, both of which are located in the low-political-risk environment of the Northwest Territories in Canada. It also has world-class sorting and selling operations in Canada, Belgium and India.
Thomas A Andruskevich, Graham G Clow, Trudy Marie Curran, Tim Dabson, James Kitchener Gowans, David Stewart Smith, Chuck Strahl, Josef Vejvoda
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