Sample Sidebar Module

This is a sample module published to the sidebar_top position, using the -sidebar module class suffix. There is also a sidebar_bottom position below the menu.

Sample Sidebar Module

This is a sample module published to the sidebar_bottom position, using the -sidebar module class suffix. There is also a sidebar_top position below the search.
Spring 2018 News
 
1-866-985-9780

Search our Site

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.