Mountain Province Diamonds Inc: Key Developments
Mountain Province Diamonds Inc. Closes Bought Deal Financing
December 8, 2009 |
| Mountain Province Diamonds Inc. announced that it has closed its previously announced bought deal financing. Under the offering, the Company issued 3,334,000 units in consideration for CAD2.70 per unit to raise gross proceeds of CAD9,001,800. Each unit consists of one common share and one half of a common share purchase warrant, with each whole warrant entitling the holder to acquire one additional common share at an exercise price of CAD3.20 per common share on June 8, 2011. The Offering was co-led by Paradigm Capital Inc., Salman Partners Inc. and Scotia Capital Inc. In addition, the Underwriters have exercised a portion of the over-allotment option in respect of 50,000 Warrants. The remainder of the over allotment option to purchase up to that number of additional Units or Warrants (or a combination thereof) equal to a total of 15% of the Units sold pursuant to the offering is exercisable at any time up to 30 days from the closing of the offering. Mountain Province intends to use the net proceeds from the offering to complete the Gahcho Kue feasibility study and for general working capital purposes. |
Mountain Province Diamonds Inc. Increases Equity Offering To CAD9 Million
November 26, 2009 |
| Mountain Province Diamonds Inc. announced that in connection with its previously announced public offering the Company and the syndicate of underwriters co led by Paradigm Capital Inc., Salman Partners Inc., and Scotia Capital Inc. have agreed, pursuant to an amended and restated underwriting agreement, to increase the size of the offering. Under the revised terms, the underwriters have agreed to buy 3,334,000 units from Mountain Province on a bought deal basis and sell them to the public at a price of CAD2.70 per unit to raise gross proceeds of approximately CAD9 Million. Each unit will consist of one common share and one half of a common share purchase warrant, with each whole warrant entitling the holder to acquire one additional common share at an exercise price of CAD3.20 per share for a period of 18 months following the closing of the offering. In addition, Mountain Province has granted the underwriters an over allotment option to purchase up to that number of additional units or Warrants equal to 15% of the Units sold pursuant to the offering, exercisable at any time up to 30 days from the closing of the offering. Mountain Province intends to use the net proceeds from the offering to complete the Gahcho Kue feasibility study and for general working capital purposes. |
Mountain Province Diamonds Inc. Announces Equity Financing
November 25, 2009 |
| Mountain Province Diamonds Inc. announced that in connection with its previously announced public offering on November 24, 2009 it has entered into an underwriting agreement with a syndicate of underwriters, co led by Paradigm Capital Inc., Salman Partners Inc., and Scotia Capital Inc. to sell 1,851,852 units (Units) at a price of CAD2.70 per unit to raise gross proceeds of CAD5 million pursuant to a short form prospectus. Each Unit will consist of one common share and one half common share purchase warrant, with each whole warrant entitling the holder to acquire one additional common share at an exercise price of CAD3.20 per share for a period of 18 months following the closing of the offering. In addition, Mountain Province has granted the underwriters an over allotment option to purchase up to that number of additional Units or warrants (or a combination thereof) equal to 15% of the Units sold pursuant to the offering, exercisable at any time up to 30 days from the closing of the offering. Mountain Province intends to use the net proceeds from the offering to complete a feasibility study in respect of the Gahcho Kue project and for general working capital purposes. The offering is scheduled to close on or about December 8, 2009. |
Mountain Province Diamonds Inc. Announces Equity Financing
November 24, 2009 |
| Mountain Province Diamonds Inc. announced that it has filed a preliminary prospectus in each province of Canada other than Quebec in respect of a marketed public offering of units, with each unit comprised of one common share and one half of one common share purchase warrant. The offering is being co led by Paradigm Capital Inc., Salman Partners Inc. and Scotia Capital Inc. as underwriters. The offering will be priced in the context of the market with the final terms to be determined at the time of pricing. Mountain Province intends to use the net proceeds of the offering to complete a feasibility study in respect of the Gahcho Kue project and for general working capital purposes. The offering is scheduled to close on or about December 8, 2009. |
Mountain Province Diamonds Inc. Closes CAD4.5 Million Private Placement
August 4, 2009 |
| Mountain Province Diamonds Inc. announced the completion of the previously announced CAD4.5 million private placement. An aggregate of 3,000,000 Units of the Company have been issued at a price of CAD1.50 (USD1.30) per Unit for aggregate gross proceeds of C$4.5 million. Each Unit is comprised of one common share of the Company and one-half of one common share purchase warrant. Each whole warrant entitles the holder to acquire one additional common share at an exercise price of C$2.00 (USD1.73) for a period of 18 months. Proceeds from the private placement will be used to support the planned feasibility study for the Gahcho Kue project and for general corporate purposes. |
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