Dominion Diamond Corporation Announces Establishment of Automatic Securities Purchase Plan under its Share Repurchase Program
July 28 2016 - 4:10PM
Business Wire
Dominion Diamond Corporation (TSX: DDC, NYSE: DDC) (the
“Company” or “Dominion”) announces that the Toronto Stock Exchange
(“TSX”) has accepted its entry into an automatic securities
purchase plan (“ASPP”) in order to facilitate repurchases of its
common shares under the Company’s previously announced normal
course issuer bid to purchase for cancellation up to 6,150,010
common shares, pursuant to the rules and regulations of the TSX and
applicable U.S. securities laws. All purchases under the ASPP will
be made on the open market through the facilities of the TSX, the
New York Stock Exchange or alternative trading platforms in Canada
or the United States and will be subject to the limitations imposed
by the rules and regulations of the TSX and applicable U.S.
securities laws.
About Dominion Diamond CorporationDominion Diamond
Corporation is the world’s third largest producer of rough diamonds
by value. Both of its production assets are located in the low
political risk environment of the Northwest Territories in Canada
where the Company also has its head office. The Company is well
capitalized and has a strong balance sheet.
The Company operates the Ekati Diamond Mine and also owns 40% of
the Diavik Diamond Mine. Between the two mining operations,
diamonds are currently produced from a number of separate
kimberlite pipes providing a diversity of diamond supply as well as
reduced operational risk. It supplies premium rough diamond
assortments to the global market through its sorting and selling
operations in Canada, Belgium and India.
For more information, please visit
www.ddcorp.ca
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Dominion Diamond CorporationInvestor
RelationsMs. Kelley Stamm, 416-205-4380Manager, Investor
Relationskstamm@ddcorp.ca