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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 dabard51on Oct 21, 2019 8:37am
218 Views
Post# 30250365

RE:RE:Takeover

RE:RE:TakeoverCanada law (my understanding; I am not a lawyer) says that a buyer must give public notice that he/she owns more than 20% of a company once that ownership % threshhold is achieved (call it 'major shareholder' status).  A major shareholder must give public notice if he/she acquires or divests shares, and IF (big hypothetical) IF a takeover bid is made, it is on equal terms to all other shareholders and be open for a duration of at least 35 days.  see this link:  https://mcmillan.ca/files/Overview_take-over_bids_in_Canada.pdf
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