Mountain Province Diamonds Inc

Published : June 22nd, 2016

Mountain Province Diamonds Announces Results of Annual General & Special Meeting of Shareholders

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Keywords :   Canada | Carats | Diamond | Election | Fixed | K Street | Mines | Vote |

Mountain Province Diamonds Announces Results of Annual General & Special Meeting of Shareholders

658920fe-1fcf-46e1-b4e9-1b7067b45c7f.pdf

NEWS RELEASE

June 22, 2016

Shares Issued and Outstanding: 159,778,833 TSX: MPV

NYSE MKT: MDM

Mountain Province Diamonds Announces Results of Annual General & Special Meeting of Shareholders

Toronto and New York, June 22, 2016 - Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX: MPV, NYSE MKT: MDM) is pleased to announce that the nominees listed in the management proxy circular for the 2016 Annual General & Special Meeting of Shareholders ("Annual Meeting") were elected as directors of the Company. Detailed results of the vote for the election of directors held at the Annual Meeting in Vancouver on June 21, 2016 are set out below.

Nominee

Votes For

% For

Votes Withheld

% Withheld

Jonathan Comerford

86,138,778

91.47

8,031,212

8.53

Patrick Evans

90,131,649

95.71

4,038,341

4.29

Bruce Dresner

83,583,093

88.76

10,586,897

11.24

Peeyush Varshney

62,832,934

66.72

31,337,056

33.28

Carl Verley

79,247,060

84.15

14,922,930

15.85

David Whittle

85,790,777

91.10

8,379,213

8.90

At the Annual Meeting, KPMG LLP were re-appointed as auditor of the Company at remuneration to be fixed by the directors. The Company's Long Term Equity Incentive Plan was approved by a majority of shareholders.

*****

Mountain Province Diamonds is a 49% participant with De Beers Canada in the Gahcho Kué Diamond mine located in Canada's Northwest Territories. Gahcho Kué is the world's largest new Diamond mine and projected to be amongst the highest margin Diamond mines due to the high grade and open-pit nature of the operation.

The Gahcho Kué Project 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.

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%.

The Gahcho Kué Diamond mine is expected to produce an average of 4.5 million carats a year over a 12 year mine life.

Qualified Person

This 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.

Forward-Looking Statements

This news release includes certain information that may constitute "forward-looking information" under applicable Canadian and US securities legislation. Forward-looking information includes, but is not limited to, the Company's strategic plans, future operations, future work programs and objectives. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Mountain Province Diamonds Inc. Patrick Evans, President and CEO 161 Bay Street, Suite 2315 Toronto, Ontario M5J 2S1

Phone: (416) 361-3562

E-mail: [email protected] www.mountainprovince.com

Read the rest of the article at www.publicnow.com
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Mountain Province Diamonds Inc

DEVELOPMENT STAGE
CODE : MDM
ISIN : CA62426E4022
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Mountain Province Diamonds is a diamonds exploration company based in Canada.

Mountain Province Diamonds develops diamonds and gold in Canada, and holds various exploration projects in Canada.

Its main asset in development is BAFFIN ISLAND in Canada and its main exploration properties are BORDEN, GAHCHO KUÉ, TELEGRAPH, KETZA RIVER (EVE / WHITE / WHYTE) and SPRINGTIME in Canada.

Mountain Province Diamonds is listed in Canada and in United States of America. Its market capitalisation is US$ 230.7 millions as of today (€ 219.1 millions).

Its stock quote reached its lowest recent point on February 27, 2009 at US$ 0.54, and its highest recent level on September 18, 2009 at US$ 9.84.

Mountain Province Diamonds has 45 240 000 shares outstanding.

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Financings of Mountain Province Diamonds Inc
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3/12/2014Announces C$15.3M Bought Deal Financing
11/18/2013reases Non-Brokered Private Placement to C$29.1M
11/11/2013Announces Non-Brokered Private Placement
Project news of Mountain Province Diamonds Inc
10/6/20152:15 pm Mountain Province Diamonds confirmed that the develo...
8/12/2014Gahcho Kué joint venture welcomes issuance of land use permi...
6/14/2011(Gahcho Kué)De Beers Canada and Mountain Province Diamonds Provide Gahch...
Corporate news of Mountain Province Diamonds Inc
6/22/2016Mountain Province Diamonds Announces Results of Annual Gener...
6/20/2016Mountain Province Updates Gahcho Kué Diamond Mine Developmen...
5/9/2016Mountain Province Updates Gahcho Kué Diamond Mine Developmen...
10/15/2015Mountain Province Appoints Vice President Diamond Marketing
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7/16/2015Rio Tinto Reports Sound Q2 Volumes Despite Price Worries - A...
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4/7/2015Mountain Province Diamonds Closes Term Loan Facility to Fund...
3/31/2015Mountain Province Diamonds C$95M Rights Offering Completed a...
3/20/2015Mountain Province Diamonds (MDM) is Oversold: Can It Recover...
3/17/2015Mountain Province Diamonds Provides Gahcho Kué Project Updat...
3/4/2015Mountain Province Diamonds Announces Diamond Recovery Result...
2/18/2015Mountain Province Diamonds Announces C$95M Rights Offering
2/3/2015Mountain Province Diamonds Announces Credit Approval for US$...
1/8/2015Mountain Province Diamonds Updates Term Loan Facility
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12/20/2014Mountain Province Diamonds to Begin Trading on NASDAQ Stock ...
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10/16/2014Mountain Province Diamonds Closes C$100M Bought Deal and Non...
10/16/2014Mountain Province Diamonds Closes C$100M Bought Deal and Non...
8/12/2014Gahcho Kué Joint Venture Welcomes Issuance of Land Use Permi...
7/28/2014Mountain Province Diamonds Appoints Banks to Arrange and Und...
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AMEX (MDM)TORONTO (MPV.TO)
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