Mountain Province warrants exercised by De Beers Canada
Mon 16 Sept 2002
News Release
Mr. Jan Vandersande reports
DE BEERS EXERCISES MOUNTAIN PROVINCE DIAMONDS' WARRANTS
De Beers Canada Exploration Inc., a wholly owned subsidiary of De Beers
Consolidated Mines Ltd. (De Beers), has exercised its full allocation of
983,666 share purchase warrants at 80 cents for a total proceeds of
$786,932.80.
De Beers Canada, previously known as Monopros Ltd., purchased 1,967,333
units, consisting of one common share and one-half a share purchase
warrant, from Mountain Province Diamonds at 60 cents per unit in a private
placement on Sept. 15, 2000.
De Beers now owns 3,160,643 shares, or approximately 6.4 per cent of the
outstanding shares of the company. |
