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Vol. 11, No. 39 Week of September 24, 2006
Providing coverage of Alaska and Northwest Canada's mineral industry

MINING NEWS: Stornoway woos Ashton minority

Three-way consolidation in Canada’s diamond industry will proceed despite vocal opposition from one target’s management team

Rose Ragsdale

For Mining News

Stornoway Diamond Corp. of Vancouver, B.C., worked up until a Sept. 18 deadline to win over minority shareholders of Ashton Mining of Canada Ltd., succeeding in wooing enough shareholders to move forward with the complex three-way merger. Stornoway said late Sept. 18 that conditions of its offer for....

    [additional news subjects in this story]

Ashton’s board opposed

Ashton: prize assets from Ashton

Stornoway: merger would form premier company

Stornoway: Share breakdown about 31% to Ashton


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