April 22 (Reuters) - DOMINION DIAMOND MINES:
* DOMINION DIAMOND MINES OBTAINS INITIAL ORDER OF PROTECTION UNDER COMPANIES' CREDITORS ARRANGEMENT ACT (CCAA)
* DOMINION DIAMOND MINES - INTENDS TO USE CCAA PROCESS TO ENGAGE IN DISCUSSIONS WITH ITS LENDERS, CREDITORS, EQUITY OWNER AND OTHER STAKEHOLDERS
* DOMINION DIAMOND MINES - INTENDS TO USE CCAA PROCESS TO EVALUATE STRATEGIC ALTERNATIVES TO RESTRUCTURE THE COMPANY FINANCIALLY AND OPERATIONALLY
* DOMINION DIAMOND MINES - CCAA FILING WAS NECESSITATED PRIMARILY BY THE IMPACT OF THE COVID-19 PANDEMIC
* DOMINION DIAMOND MINES - UNDER TERMS OF THE INITIAL ORDER, FTI WILL SERVE AS COURT-APPOINTED MONITOR OF DOMINION TO OVERSEE THE CCAA PROCEEDINGS
* DOMINION DIAMOND MINES - HAS GOT AND IS CONSIDERING A PROPOSAL FROM AN AFFILIATE OF THE WASHINGTON COMPANIES TO PROVIDE DEBTOR-IN-POSSESSION FINANCING
* DOMINION DIAMOND MINES - WASHINGTON COS PROPOSES IN MOU FOR ASSET SALE THAT AFFILIATE TO PAY/OTHERWISE SATISFY ALL OBLIGATIONS TO EMPLOYEES, GOVERNMENT AUTHORITIES