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By Rose Ragsdale
For 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

 

Last updated 9/24/2006 at Noon



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 outstanding shares of Ashton and Contact Diamond Corp. were met, and Stornoway has given notice...



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