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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 Suntraderon May 22, 2014 11:01pm
247 Views
Post# 22590396

RE:RE:RE:How many more shares?

RE:RE:RE:How many more shares?From their last news release it sounds like they are looking at debt financing, if this is the case would would they even be issuing shares. I am guessing debt with no dilution:

"The feasibility study report confirms an economically robust, technically credible and environmentally sound development plan for the Gahcho Kué mine", said Mountain Province CEO Patrick Evans.

Mountain Province is also pleased to announce the appointment of Mr. George Rogers, CEO of Rockface Capital Ltd., as financial advisor to the Company in respect of the arrangement of a debt facility required for the completion of the development of the Gahcho Kué Project.

Patrick Evans noted: "The Company has received indicative term sheets from a number of potential bank and non-bank lenders. With the support of Mr. Rogers we will be evaluating these proposals with a view to selected a preferred lender in the near future and completing loan agreements prior to the end of 2014".


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