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Mountain Province Diamonds Raising $11.5 Million for Gahcho Kue Diamond Project
Post Date: 29 Apr 2010 Viewed: 492
Mountain Province Diamonds Inc. has arranged a non-brokered private placement of up to 5,476,191 million common shares. If fully subscribed, the private placement will raise proceeds of C$11.5 million (US$11.4 million).
Proceeds from the private placement will be used to support the feasibility study and permitting for the Gahcho Kue diamond project in Canada's Northwest Territories, and for general corporate purposes.
