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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (3342)3/28/2014 9:47:42 AM
From: Goose94Read Replies (1) of 202922
 
Mountain Province Diamonds (MPV-T) March 28, '14 has closed its previously announced bought-deal private placement of common shares, for gross proceeds of $17.85-million.

BMO Capital Markets, on behalf of a syndicate including RBC Dominion Securities Inc., sold 3.5 million common shares of the company at a price of $5.10 per share, by way of a bought-deal private placement. The underwriters received a cash commission of 5 per cent of the gross proceeds.

The company is also pleased to announce the closing of a concurrent non-brokered private placement of common shares at a price of $5.10 per share, for gross proceeds of $10.39-million.

The common shares issued in the bought deal and non-brokered private placements are subject to a four-month hold period, expiring July 29, 2014.

The net proceeds of the private placements will be used for the continued development of the company's Gahcho Kue project and for general corporate purposes.
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