TORONTO and NEW YORK, December 29,
2016 /PRNewswire/ --
Shares Issued and Outstanding:
159,808,833
TSX: MPV
NASDAQ: MPVD
Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX: MPV,
NASDAQ: MPVD) announced that effective today the trading symbol on
the NASDAQ for Mountain Province Diamonds is ″MPVD″.
There is no action required by current shareholders in
connection with this change. There is no change in the Company's
name, no change in its CUSIP number and no changes made to the
Company's share capital.
Mountain Province Diamonds is a 49% participant with
De Beers Canada in the Gahcho Kué diamond mine located in
Canada's Northwest Territories. Gahcho Kué consists of
a cluster of four diamondiferous kimberlites, three of which have a
probable mineral reserve of 35.4 million tonnes grading 1.57 carats
per tonne for total diamond content of 55.5 million carats.
Gahcho Kué is the world's largest and highest grade new diamond
mine. 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%.
Mountain Province's share of
the diamond production from the Gahcho Kué mine will be sold on
open tender in Antwerp through the
respected diamond broker, Bonas. The Company's first rough diamond
sale will take place in January, 2017, and approximately every five
weeks thereafter.
Qualified Person
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.
Forward-Looking Statements
This news release includes certain information that may constitute
"forward-looking information" under applicable Canadian and US
securities legislation. Forward-looking information includes, but
is not limited to, the Company's strategic plans, future
operations, future work programs and objectives. Forward-looking
information is necessarily based upon a number of estimates and
assumptions that, while considered reasonable, are subject to known
and unknown risks, uncertainties, and other factors which may cause
the actual results and future events to differ materially from
those expressed or implied by such forward-looking information.
There can be no assurance that such information will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such information. Accordingly,
readers should not place undue reliance on forward-looking
information. All forward-looking information contained in this
press release is given as of the date hereof and is based upon the
opinions and estimates of management and information available to
management as at the date hereof. The Company disclaims any
intention or obligation to update or revise any forward-looking
information, whether as a result of new information, future events
or otherwise, except as required by law.
Mountain Province Diamonds Inc., Patrick
Evans, President and CEO, 161 Bay Street, Suite 1410,
Toronto, Ontario M5J 2S1, Phone:
(416) 361-3562, E-mail: info@mountainprovince.com,
http://www.mountainprovince.com