Mountain Province and Kennady file joint circular seeking shareholder approval of business combination
9 March 2018
Mountain Province Diamonds Inc. and Kennady Diamonds Inc. are pleased to announce that they have filed a joint management information circular and related proxy materials in advance of their respective special shareholders' meetings seeking approval of, among other things, the arrangement. The circular is now in the process of being mailed to the shareholders of Mountain Province and Kennady to provide them with information about both companies and the proposed arrangement.
On January 28, 2018, Mountain Province and Kennady entered into an arrangement agreement and announced, on January 29, 2018, a proposed business combination pursuant to which Mountain Province will acquire all of the issued and outstanding common shares of Kennady.