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spring cover

Spring 2018

Mountain Province to acquire Kennady Diamonds in friendly takeover  
On Jan. 29, Mountain Province Diamonds Inc. (TXE: MPVD) and Kennady Diamonds Inc. (TSX-V: KDI) announced a definitive arrangement agreement by which Mountain Province will acquire all issued and outstanding common shares of Kennady Diamonds.

Kennady shareholders will receive 0.975 of a Mountain Province common share for each Kennady common share, representing the equivalent of C$3.46 per Kennady share, based on the closing price of Mountain Province shares on the TSX on Jan. 26, 2018. This Exchange Ratio represents a premium of 26% to Kennady’s closing price and a premium of 15% based on the 20-day volume-weighted-average-price of Mountain Province shares on the TSX and Kennady shares on the TSX-V, as of close on Jan. 26, 2018. The implied equity value for Kennady based on the Exchange Ratio is approximately C$176M.

 

Spring 2018 News:
• Benefits growing with Nunavut’s new mining industry 
• First Nations business alliance in Hornpayne
• Massive year-end fire at Kenora Forest Products mill
• Forest sector welcomes Clean Growth Program
• Battery research could triple range of electric vehicles
• UDMN member reaches commercial success
• EADDF guidelines from PDAC
• Agnico Eagle to purchase Canadian Malartic Corp.’s exploration assets
• Record year for Kirkland Lake Gold
• First Mining announces major changes
• Tolko Woodlands certified to SFI standards
• FPAC welcomes CPTPP
• Mountain Province to acquire Kennady Diamonds in friendly takeover
• Budget 2018 helps forest sector priorities in three areas
• FPAC and Earth Rangers announce Living Forests Initiative  


 
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