Harry Winston Diamond Corporation Announces Discontinuance of Ekati
Litigation
TORONTO, February 4, 2013 /PRNewswire/ --
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 http://www.harrywinston.com. or for investor
information, visit http://investor.harrywinston.com.
For further information:
Contacts:
Mr. Richard Chetwode, Vice
President, Corporate Development -
+44(0)7720970762, rchetwode@harrywinston.com
Ms. Kelley Stamm, Manager,
Investor Relations - +1(416)205-4380
or kstamm@harrywinston.com