Lavery supports the Caisse de dépôt et placement in various financing transactions with Stornoway

July 30, 2014

Stornoway Diamond Corporation recently announced that it had closed its financing transactions with Orion Mine Finance, Ressources Québec (a wholly owned subsidiary of Investissement Québec) and the Caisse de dépôt et placement du Québec. The financing transactions, totalling almost $1 billion, are intended to provide a comprehensive funding package for the construction and opening of the Renard diamond mine north of Chibougamau.

Under the supervision of Benjamin Gross, Lavery’s team represented the Caisse in these financing transactions. The Caisse invested more than $100 million in the form of debt, equity, and streaming (the purchase of part of production).

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