Offering funds expenditures at Gahcho Kué project, corporate purposes
By Devika Patel
Knoxville, Tenn., May 28 - Mountain Province Diamonds Inc. said it plans to raise about C$35 million in a non-brokered private placement of stock.
The company will sell common shares at C$5.00 apiece, which is identical to the May 27 closing share price.
Settlement is expected June 12.
Proceeds will be used for capital expenditures at the Gahcho Kué project and general corporate purposes.
The diamond exploration and development company is based in Toronto.
| Issuer: | Mountain Province Diamonds Inc.
|
| Issue: | Common shares
|
| Amount: | C$35 million (approximate)
|
| Price: | C$5.00
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | May 28
|
| Settlement date: | June 12
|
| Stock symbol: | Toronto: MPV
|
| Stock price: | C$5.00 at close May 27
|
| Market capitalization: | C$527.02 million
|
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