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Mountain Province Diamonds Inc T.MPVD

Alternate Symbol(s):  MPVDF

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

Comment by briton Oct 15, 2012 7:31pm
198 Views
Post# 20486379

RE: Dne the right way with the rights - dalbello

RE: Dne the right way with the rights - dalbello

Based on the shares of MPV that my wife and I have in our portfolios, we will have sufficient rights to be able to purchase close to 22,000 additional shares, each at $3.50 a share.

 

Remember, every MPV shareholder will receive 1 right for each share they own as of the date of record.  Each 6 rights plus $3.50 will entitle the shareholder to one new share.

 

Cheers,

 

Brit

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