www.mountainprovince.com
The proceeds of the private placement will be used to support the Company's share of ongoing
capital expenditures at the Gahcho Kué project and for general corporate purposes.
The private placement is expected to close on or before June 12, 2014, and is subject to regulatory approval.
****
Gahcho Kué is the world's largest and richest new diamond development project. A 2014 NI 43-
101 feasibility study report filed by Mountain Province (available on SEDAR) indicates that the
Gahcho Kué project has an IRR of 32.6%.
This news release has been prepared under the supervision of Carl G. Verley, P.Geo., who serves as the qualified person under National Instrument 43-101.
www.mountainprovince.com
This news release may contain forward-looking statements, within the meaning of the "safe- harbor" provision of the Private Securities Litigation Reform Act of 1995, regarding the Company's business or financial condition. Actual results could differ materially from those described in this news release as a result of numerous factors, some of which are outside the control of the Company.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Mountain Province Diamonds Inc. Patrick Evans, President and CEO
161 Bay Street, Suite 2315
Toronto, Ontario M5J 2S1
Phone: (416) 361-3562
E-mail: info@mountainprovince.com www.mountainprovince.com
distributed by |