Harry Winston Diamond Corporation Announces Discontinuance of Ekati
Litigation
TORONTO,
Feb. 4, 2013 /CNW/ - Harry Winston
Diamond Corporation (TSX: HW, NYSE: HWD) ("Harry Winston") reports
that it has been served with a formal Notice of Discontinuance of
the court action brought by C. Fipke Holdings Ltd against BHP
Billiton Canada Ltd, Harry Winston,
Stuart Blusson, Archon Minerals and
various associated companies. The court action related to
Harry Winston's proposed purchase of
BHP Billiton's interests in the Ekati diamond mine.
Harry Winston has been advised by
BHP Billiton that all of its joint venture partners have agreed to
waive their rights of first refusal in respect of the sale by BHP
Billiton to Harry Winston pursuant
to their existing purchase agreements. The discontinuance of
the action and waivers of the rights of first refusal permit the
transactions between Harry Winston
and BHP Billiton to proceed, subject to satisfaction of closing
conditions, including regulatory approvals.
About Harry Winston Diamond
Corporation
Harry Winston Diamond Corporation is a
diamond enterprise with premium assets in the mining and retailing
segments of the diamond industry. Harry
Winston supplies rough diamonds to the global market from
its 40 percent ownership interest in the Diavik Diamond Mine.
The Company's luxury brand segment is a premier diamond jeweler and
luxury timepiece retailer with salons in key locations, including
New York, Paris, London, Beijing, Tokyo, Hong
Kong and Beverly Hills.
For more information, please visit
www.harrywinston.com. or for investor information, visit
http://investor.harrywinston.com.
SOURCE Harry Winston Diamond Corporation