July 6 (Reuters) - Dominion Diamond Corp DDC.TO :
* Departure of its chief financial officer, Ron Cameron.
* Board has determined to continue to focus on development
opportunities at company's core assets
* Announces update on its capital allocation strategy, which
includes allocating capital to returning capital through share
buyback
* Has also entered into a process to dispose of a non-core
asset
* Will also pursue divestment of its Toronto office
building.
* Asset is co's 100 per cent owned office building located
in downtown Toronto and sale is expected to occur in Q3 of
fiscal 2017
* Current dividend policy will not be changed until company
has more visibility on short-term impacts of June 23 fire in
Ekati process plant
* Cara Allaway will fill CFO role on an acting basis as
Dominion conducts recruitment for a new CFO
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