16 October 2014
Not for distribution to U.S. news wire services or dissemination in the United States.
Toronto, Ontario – October 16, 2014 – Mountain Province Diamonds Inc. (TSX: MPV / NYSE MKT: MDM) ("Mountain Province" or the "Company") is pleased to announce the closing of its previously announced bought-deal private placement of common shares, for gross proceeds of C$75 million.
A syndicate of underwriters led by BMO Capital Markets, RBC Capital Markets and Scotia Capital Inc. and including Haywood Securities Inc. (the “Underwriters”), sold 15,000,000 common shares of the Company at a price of C$5.00 per share, by way of a bought-deal private placement. The Underwriters received a cash commission of 5% of the gross proceeds.