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Mountain Province Diamonds Amends Terms of Working Capital Facility
Mountain Province Diamonds Amends Terms of Working Capital Facility Canada NewsWire ...
About this update from Mountain Province Diamonds Inc.
[{"type":"text","content":"\n\n\nMountain Province Diamonds Amends Terms of Working Capital Facility\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.prnrbrb0{\nBORDER-RIGHT:black 0pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnsbtb0{\nBORDER-TOP:black 0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnpr2{\nPADDING-RIGHT:0.17em\n}\n.prnpl2{\nPADDING-LEFT:0.17em\n}\n.prnsbbb0{\nBORDER-BOTTOM:black 0pt\n}\n.prnsblb0{\nBORDER-LEFT:black 0pt\n}\n\n\n\n\n\nCanada NewsWire\n\n\nTSX and OTC: MPVD\nTORONTO and NEW YORK, Nov. 18, 2025 /CNW/ - Mountain Province Diamonds Inc. (\"Mountain Province\" or the \"Company\") (TSX: MPVD) (OTC: MPVD) announces today that the Company has entered into an amending agreement (the \"Amending Agreement\") with Dunebridge Worldwide Ltd. as administrative agent, security trustee and lender (\"Dunebridge\"), a related party of the Company amending certain terms of its working capital facility in the amount of CAD33,000,000 (the \"WCF\").\nPursuant to the Amending Agreement (i) the period during which the Company may make advances against the WCF is extended from November 13, 2025 to March 31, 2026; (ii) the implementation of certain repayment mechanics involving the direct payment to Dunebridge of the proceeds of the Company's diamond proceeds while the WCF is outstanding, is deferred until February 28, 2026; and (iii) the date for repayment of the principal amount of the WCF is extended from December 31, 2025 to March 31, 2026.\nMark Wall, the Company's President and Chief Executive Officer, commented:\n\"The amendments to the WCF allow the Company access to additional funds in this crucial period before its working capital is expected to improve once it starts to realize on the sales of the higher grade material from its NEX ore body\". It almost goes without saying, that we are grateful for the continued support of Dunebridge.\".\nReview and Approval Process\nThe Proposed WCF was considered by the same special committee (the \"Special Committee\") of independent directors of the Company (...