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Mountain Province gets friendly with Kennady Diamonds

Posted by: Admin | Posted on: January 29th, 2018 | 0 Comments

The deal, which would see each Kennady share exchanged for 0.975 of a Mountain Province share, implies an equity value of C$176 million (US$143 million). Based on the TSX closing price on January 26, this is equivalent to C$3.46 (US$2.80) per Kennady share – a 26% premium.

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