Harry Winston Diamond Corporation Announces Discontinuance of Ekati
Litigation
TORONTO,
Feb. 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
www.harrywinston.com. or for investor information, visit
http://investor.harrywinston.com.
SOURCE Harry Winston Diamond Corporation