Mountain Province Diamonds Provides Additional Detail On Proposed New Financing Arrangement
12/31/21, 8:30 AM
Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX: MPVD) (OTCQX: MPVD) is pleased to announce further details regarding its proposed financing arrangement involving its largest shareholder, Mr. Dermot Desmond (the "Proposed Arrangement"). While the arrangements are non-binding, Mountain Province is working with its largest shareholder, Mr
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The Company notes that its existing US$25M first lien revolving facility which matures on March 31, 2022 is currently undrawn but is expected to be utilized in the upcoming weeks as the 2022 winter ice road to resupply the Gahcho Kué mine gets underway.