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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 Macloud1on Jul 23, 2014 1:41pm
312 Views
Post# 22774419

RE:RE:Financing news end of July (or thereabouts)

RE:RE:Financing news end of July (or thereabouts) I will answer that for him. His info comes from the June 5th update. Following the appointment last month of Rockface Capital as financial advisor to the Company, a review of a number of debt terms sheets has been completed. Indications of interest to participate in the provision of debt finance to Mountain Province continue to be received. The Company expects to complete the review of all debt proposals by the end of June following which detailed negotiations will commence with the preferred lenders. Based on current progress, Mountain Province expects to be able to announce further details, including debt www.mountainprovince.com terms, by the end of July and expects to be able to conclude definitive loan agreements by the end of 2014
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