Dominion Diamond Announces Receipt of Investment Canada Act Approval
October 27, 2017 at 17:04 PM EDT
Dominion Diamond Corporation (TSX: DDC, NYSE: DDC) (the “Company” or “Dominion”) today announced that The Washington Companies has received Investment Canada Act approval in connection with the previously-announced plan of arrangement (the “Arrangement”), pursuant to which Northwest Acquisitions ULC (the “Purchaser”), an entity affiliated with The Washington Companies, has agreed to acquire all of the issued and outstanding common shares of the Company for US$14.25 per share in cash. The Arrangement has previously received shareholder approval, court approval, and clearance under the Competition Act (Canada). No further regulatory or shareholder approvals are required in connection with the Arrangement.
The Arrangement is expected to be completed on or about November 1, 2017, subject to the satisfaction or waiver of the remaining conditions of closing.
Shareholders are encouraged to submit their shares to the Arrangement. Shareholders who have questions or require assistance with submitting their shares, including with respect to completing the applicable letter of transmittal, are asked to contact AST Trust Company (Canada), who is acting as depositary under the Arrangement, at 1-800-387-0825 (toll free in North America) or at 416-682-3860 (collect outside North America), or by email at email@example.com.
About Dominion Diamond Corporation
Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Due to risks and uncertainties, including the risks and uncertainties identified by the Company in its public securities filings available at www.sec.gov and www.sedar.com, actual events may differ materially from current expectations. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
For more information, please visit www.ddcorp.ca.