Mountain Province Diamonds Buys Kennady Diamonds

Mountain Province Diamonds and Kennady Diamonds have entered into a definitive agreement where Mountain Province will acquire all of Kennady issued and outstanding common shares by way of a court-approved plan of arrangement. The all-share transaction values Kennady at about C$176 million. Upon completion of the transaction, the combined company will be owned approximately 76% by Mountain Province shareholders and 24% by Kennady shareholders.
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