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Bottin (International) Investments Ltd., Vertigol Unlimited Company and Mr. Dermot F. Desmond Announce Transactions in Kennady Diamonds Inc. and Mountain Province Diamonds Inc.
Bottin (International) Investments Ltd., Vertigol Unlimited Company and Mr. Dermot F. Desm...
About this update from Mountain Province Diamonds Inc.
[{"type":"text","content":"\n\n\n\nBottin (International) Investments Ltd., Vertigol Unlimited Company and Mr. Dermot F. Desmond Announce Transactions in Kennady Diamonds Inc. and Mountain Province Diamonds Inc.\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nGIBRALTAR and DUBLIN, April 16, 2018\n\n\n\n/NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. PERSONS/\n\n\n\nGIBRALTAR and DUBLIN, April 16, 2018 /CNW/ - Bottin (International) Investments Ltd. (\"Bottin\"), of 57/63 Line Wall Road, Gibraltar, Vertigol Unlimited Company (\"Vertigol\") of Dublin, Ireland and Mr. Dermot F. Desmond – together announce that Bottin transferred 9,447,797 common shares of Kennady Diamonds Inc. (\"KDI\") (TSXV: KDI) for a consideration of CDN$3.0286 per KDI common share and 22,343,720 common shares of Mountain Province Diamonds Inc. (\"MPVD\") for a consideration of CDN$3.3088 per MPVD common share to Vertigol on April 12, 2018. Bottin also transferred 10,000 common shares of MPVD to Mr. Dermot Desmond for a consideration of CDN$3.33 per MPVD common share.  Bottin transferred the shares to Vertigol and Mr. Desmond as part of a corporate reorganization.\n\nMr. Dermot F. Desmond is the ultimate beneficial owner of both Bottin and Vertigol.\n\nImmediately before completion of the corporate reorganization, Vertigol held no common shares or other securities of either KDI or MPVD.  Following completion of the corporate reorganization, Vertigol and Mr. Dermot F. Desmond together held an aggregate of 14,485,797 common shares of KDI (26.8% approximately) and 37,951,887 (23.7% approximately) common shares of MPVD.  \n\nOn April 13, 2018, Vertigol and Mr. Dermot F. Desmond disposed of an aggregate of 14,485,797 common shares of KDI in a court ordered plan of arrangement pursuant to which MPVD acquired all the issued and outstanding common shares of KDI in exchange for 0.975 common shares of MPVD per common share of KDI.  Vertigol, the holder of 9,447,797 common shares of KDI (17.5% approximately) at the time of completion of the plan of arrange...