Business
Mountain Province Diamonds Announces Resignation of CFO and Appointment of Acting CFO
Mountain Province Diamonds Announces Resignation of CFO and Appointment of Acting CFO ...
About this update from Mountain Province Diamonds Inc.
[{"type":"text","content":"\n\n\n\nMountain Province Diamonds Announces Resignation of CFO and Appointment of Acting CFO\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\nTORONTO and NEW YORK, Dec. 22, 2016\n\n\n\nShares Issued and Outstanding: 159,808,833TSX: MPVNASDAQ: MDM\n\n\n\nTORONTO and NEW YORK, Dec. 22, 2016 /CNW/ - Mountain Province Diamonds Inc. (\"Mountain Province\", the \"Company\") (TSX: MPV, NASDAQ: MDM) today announced that Bruce Ramsden, Vice President Finance and CFO, has tendered his resignation with effect from January 31, 2017. Pending the appointment of Mr. Ramsden's successor, Ms. Jennie Ly, Controller of Mountain Province, will serve as acting CFO with effect from February 1, 2017.\n\nPatrick Evans, President and CEO, commented: \"Over the past four years Bruce made an important contribution to Mountain Province during the transition from a developer to a producer. The Board extends its thanks to Mr. Ramsden and wishes him well for the future.\"\n\n****\n\nMountain Province Diamonds is a 49% participant with De Beers Canada in the Gahcho Kué diamond mine located in Canada's Northwest Territories. Gahcho Kué consists of a cluster of four diamondiferous kimberlites, three of which have a probable mineral reserve of 35.4 million tonnes grading 1.57 carats per tonne for total diamond content of 55.5 million carats. \n\nGahcho Kué is the world's largest and highest grade new diamond mine. A 2014 NI 43-101 feasibility study report filed by Mountain Province (available on SEDAR) indicates that the Gahcho Kué project has an IRR of 32.6%. \n\nMountain Province's share of the diamond production from the Gahcho Kué mine will be sold on open tender in Antwerp through the respected diamond broker, Bonas. The Company's first rough diamond sale will take place in January, 2017, and approximately every five weeks thereafter.\n\nQualified PersonThis news release has been prepared under the supervision of Carl G. Verley, P.Geo., who serves as the qualified person under National Instrument 43-101.\n\nForward-Looking S...