Business
Leading Proxy Advisory Firms, ISS and Glass Lewis, Recommend That Shareholders of Mountain Province and Kennady Vote for the Business Combination
Leading Proxy Advisory Firms, ISS and Glass Lewis, Recommend That Shareholders of Mountain...
About this update from Mountain Province Diamonds Inc.
[{"type":"text","content":"\n\n\n\nLeading Proxy Advisory Firms, ISS and Glass Lewis, Recommend That Shareholders of Mountain Province and Kennady Vote for the Business Combination\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.prnsbls{\nBORDER-LEFT:black 1pt solid\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prnml40{\nMARGIN-LEFT:3.33em\n}\n.prnsbbs{\nBORDER-BOTTOM:black 1pt solid\n}\n.prnvab{\nVERTICAL-ALIGN: BOTTOM\n}\n.prnrbrs{\nBORDER-RIGHT:black 1pt solid\n}\n.prnpl6{\nPADDING-LEFT:0.50em\n}\n.prnsbts{\nBORDER-TOP:black 1pt solid\n}\n.prnpr6{\nPADDING-RIGHT:0.50em\n}\n.prntbls{\nBORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid; BORDER-COLLAPSE: collapse; BORDER-TOP: black 1px solid; BORDER-RIGHT: black 1px solid\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, March 22, 2018\n\n\n\nShareholders Reminded to Vote Prior to April 5, 2018 (proxy submission deadline)\n\n\n\nTORONTO, March 22, 2018 /CNW/ - Mountain Province Diamonds Inc. (TSX and NASDAQ: MPVD) (\"Mountain Province\") and Kennady Diamonds Inc. (TSX-V: KDI) (\"Kennady\") are pleased to announce that the two leading independent proxy advisory firms that provide voting recommendations to institutional investors (Institutional Shareholder Services Inc. (\"ISS\") and Glass Lewis & Co. (\"Glass Lewis\")) have each recommended that shareholders approve the proposed business combination of Mountain Province and Kennady pursuant to which Mountain Province will acquire all of the issued and outstanding common shares of Kennady by way of a statutory plan of arrangement under the Business Corporations Act (Ontario) (the \"Arrangement\"). \n\n\n \n \n\n \nRecommendation to Mountain Province Shareholders\n\nISS and Glass Lewis have recommended that shareholders of Mountain Province vote FOR the ordinary resolution to approve the issuance of Mountain Province shares to be issued to Kennady shareholders, pursuant to the Arrangement (the \"Share Issuance Resolution\"). Specifically, ISS confirms that, \"The proposed arrangement makes strategic sense given that it will result in the addition of significant and wholly-owned diamondiferous resources, wh...