Mountain Province Diamonds Inc T.MPVD

Vertigol 24.4% MPV

[NormanWells]

DUBLIN, May 4, 2018 /CNW/ - Vertigol Unlimited Company ("Vertigol")
of Dublin, Ireland and Mr. Dermot F. Desmond of Crans-Montana, 
Switzerland – together announce that Mr. Desmond transferred
20,646,236 common shares of Mountain Province Diamonds Inc.
("MPVD") to Vertigol for consideration of CDN$3.1261 per MPVD
common share, on May 4, 2018.  Mr. Desmond transferred the shares
to Vertigol as part of a corporate reorganization.

 

Mr. Dermot F. Desmond is the ultimate beneficial owner of Vertigol.

Immediately before completion of the corporate reorganization,
Mr. Desmond held 20,656,236 common shares (9.8% approximately)
of MPVD and Vertigol held 31,555,322 common shares
(15.0% approximately) of MPVD. 
Following completion of the corporate reorganization,
Mr. Desmond held 10,000 common shares of MPVD
and Vertigol held 52,201,558 common shares (24.8% approximately)
of MPVD. 

MPVD has 209,999,142 common shares outstanding
on an undiluted basis and 213,819,473
common shares outstanding on a fully diluted basis. 
On a fully diluted basis, Vertigol holds approximately 24.4%
of the common share capital of MPVD.

Thanks D51