Placer_foot

Goooooooooooood morning Gang...


So?...did you all read my posting titled: Bloodless Canadian Diamonds ?


Or..." Buy a $1.00 Diamond " ?

If not...YOU SHOULD....but if you just want "The Skinny"...here it is:


Stornoway Diamonds Corp. ( SWY - Tsx Venture )


Ashton merges with Stornoway's subsidiary


2007-01-16 09:11 ET - News Release

See News Release (C-ACA) Ashton Mining of Canada Inc


Ms. Ariel Bowers reports

ASHTON AND WHOLLY OWNED SUBSIDIARY OF STORNOWAY COMPLETE AMALGAMATION

Ashton Mining of Canada Inc. and Stornoway Diamond Corp. have completed the amalgamation of Ashton with a wholly owned subsidiary of Stornoway. The amalgamated entity will continue to carry on business under the name Ashton Mining of Canada Inc. (Les Mines Ashton du Canada Inc.).

As announced earlier, shareholders other than Stornoway and dissenting shareholders were entitled to elect, for each common share of Ashton, either one common share of Stornoway, plus one cent in cash or $1.25 in cash (the cash alternative). Each shareholder who elected the cash alternative will receive $1.25 in cash per share, resulting in a payment of $8.75-million. The remaining shareholders of Ashton will receive, in total, 22,576,038 common shares of Stornoway, plus one cent per share.