By Devika Patel
Knoxville, Tenn., July 14 - Mountain Province Diamonds Inc. announced it will conduct a non-brokered private placement of units for C$4.5 million.
The company will sell 3 million units at C$1.50 apiece. Each unit will consist of one common share and a half-share warrant, with each warrant exercisable at C$2.00 for 18 months.
Settlement is expected July 31.
Proceeds will be used to support the development of the Gahcho Kué diamond project and for general corporate purposes.
The resource property exploration and development company is based in Toronto.
| Issuer: | Mountain Province Diamonds Inc.
|
| Issue: | Units of one common share and a half-share warrant
|
| Amount: | C$4.5 million
|
| Units: | 3 million
|
| Price: | C$1.50
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$2.00
|
| Agent: | Non-brokered
|
| Pricing date: | July 14
|
| Settlement date: | July 31
|
| Stock symbol: | Toronto: MPV
|
| Stock price: | C$1.64 at close July 13
|
| Market capitalization: | C$96.56 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
