Join today and have your say! It’s FREE!

We will not release or resell your information to third parties without your permission.

Please Try Again

By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

Please Try Again

Password Hint : {{passwordHint}}

Remember me

Mountain Province Diamonds Inc T.MPVD

Alternate Symbol(s): MPVDF

Metals & Mining Industrial Metals & Minerals

Mountain Province Diamonds Inc. is a Canada-based diamond company. The Company’s primary asset is its 49% interest in the Gahcho Kue Mine, a Joint Venture with De Beers Canada. The Gahcho Kue Joint Venture property consists of several kimberlites that are actively being mined, developed, and explored for future development. The Company’s Kennady North Project includes approximately 113,000 hectares of claims and leases surrounding the Gahcho Kue Mine that include an indicated mineral resource for the Kelvin kimberlite and inferred mineral resources for the Faraday kimberlites. Kelvin is estimated to contain 13.62 million carats (Mct) at 8.50 million tons (Mt) at a grade of 1.60 carats/ton and a value of US$63/carat. Faraday 2 is estimated to contain 5.45Mct in 2.07Mt at a grade of 2.63 carats/ton and a value of US$140/ct. Faraday 1-3 is estimated to contain 1.90Mct to 1.87Mt at a grade of 1.04 carats/ton and a value of US$75/carat.

TSX:MPVD - Post by User

Mountain Province Diamonds Inc

Bullboard Posts

Comment by tinytoton Sep 26, 2018 1:11pm

69 Views

Post# 28694271

RE:Private sales

Public Market = Open Market, or not? Is there a contradiction here, or not?

DD bot another 130,201 yesterday

Sep 25/18

Sep 24/18

Desmond, Dermot Fachtna

Indirect Ownership

Common Shares

10 - Acquisition in the public market

130,201

dabard51 wrote: Y'know, as a >20% holder, DD is prohibited from making open market purchases; he can only acquire shares through rights offerings or private transactions, per Canada Securities Laws. So he had to pay the C$0.40 premium if he wanted that private sale lot of 6.2MM shares. Now the other shares that came through TSE, that's another matter altogether...

see this link:
https://www.osler.com/osler/media/Osler/reports/mergers-acquisitions/Canadian-Public-Company-M-A-Guide-2016.pdf

and this link:
https://www.ibanet.org/Document/Default.aspx?DocumentUid=E3A20FA1-56D5...