160×600
160×600
$146.55
+0.48%
$2,835.40
+0.59%
$2,822.84
+0.61%
$3,410.40
+0.9%
$299.79
+0.4%
$345.80
+0.76%
$278.94
+1.78%
$150.04
-1.22%
$161.00
+3.27%
$165.54
+0.98%
$41.77
+4.06%
$56.92
+3.09%
$47.91
+1.76%
$227.65
+2.2%
$142.69
0%

Mountain Province Diamonds Announces Results of Annual General Meeting of


TSX andOTCQX: MPVD

TORONTO and NEW YORK, Sept. 14, 2021 /PRNewswire/ – Mountain Province Diamonds Inc. (“Mountain Province”, the “Company”) (TSX: MPVD) (OTCQX: MPVD) announces that the nominees listed in the management proxy circular for the 2021 Annual General 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 virtual Annual Meeting on September 14, 2021 are set out below.

Nominee

Votes
For

% For

Votes
Withheld

% Withheld

Jonathan Comerford

113,817,178

99.35%

739,202

0.65%

Stuart Brown

75,490,073

65.90%

39,066,307

34.10%

Dean Chambers

80,500,129

70.27%

34,056,251

29.73%

Ken Robertson

81,269,699

70.94%

33,286,681

29.06%

Brett Desmond

114,044,241

99.55%

512,139

0.45%

Karen Goracke

81,918,830

71.51%

32,637,550

28.49%

Tom Peregoodoff

80,602,909

70.36%

33,953,471

29.64%

Mr. Peregoodoff tendered his resignation from the Board on September 8, 2021, after his nomination for re-election to the Board as a management nominee had been included in the Company’s proxy material. As a result, his nomination was put forward and he was re-elected to the Board, however his resignation as a director took effect immediately following his re-election. At the Annual Meeting, Chairman Jonathan Comerford thanked Mr. Peregoodoff for his valuable contributions to the Company on Board committees, and in the areas of exploration, operations and business development. The Board has begun the evaluation process to find a suitable replacement for Mr. Peregoodoff.

At the Annual Meeting, KPMG LLP were re-appointed as auditor of the Company at remuneration to be fixed by the directors.

****

About the Company

Mountain Province Diamonds is a 49% participant with De Beers Canada in the Gahcho Kué diamond mine located in Canada’s Northwest Territories. The Gahcho Kué Joint Venture property consists of several kimberlites that are actively being mined, developed, and explored for future development. The Company also controls 106,202 hectares of highly prospective mineral claims and leases surrounding the Gahcho Kué Mine that include an Indicated mineral resource for the Kelvin kimberlite and Inferred mineral resources for the Faraday kimberlites. Kelvin is estimated to contain 13.62 million carats (Mct) in 8.50 million tonnes (Mt) at a grade of 1.60 carats/tonne and value of US$63/carat. Faraday 2 is estimated to contain 5.45Mct in 2.07Mt at a grade of 2.63 carats/tonne and value of US$140/ct. Faraday 1-3 is estimated to contain 1.90Mct in 1.87Mt at a grade of 1.04 carats/tonne and value of US$75/carat. All resource estimations are based on a 1mm diamond size bottom cut-off.

For further information on Mountain Province Diamonds and to receive news releases by email, visit the Company’s website at www.mountainprovince.com.

Qualified Person

The disclosure in this news release of scientific and technical information regarding Mountain Province’s mineral properties has been reviewed and approved by Matthew MacPhail, P.Eng., MBA, and Tom E. McCandless, Ph.D., P.Geo., both employees of Mountain Province Diamonds and Qualified Persons as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Caution Regarding Forward Looking Information
This news release contains certain “forward-looking statements” and “forward-looking information” under applicable Canadian and United States securities laws concerning the business, operations and financial performance and condition of Mountain Province Diamonds Inc. Forward-looking statements and forward-looking information include, but are not limited to, statements with respect to operational hazards, including possible disruption due to pandemic such as COVID-19, its impact on travel, self-isolation protocols and business and operations, estimated production and mine life of the project of Mountain Province; the realization of mineral reserve estimates; the timing and amount of estimated future production; costs of production; the future price of diamonds; the estimation of mineral reserves and resources; the ability to manage debt; capital expenditures; the ability to obtain permits for operations; liquidity; tax rates; and currency exchange rate fluctuations. Except for statements of historical fact relating to Mountain Province, certain information contained herein constitutes forward-looking statements. Forward-looking statements are frequently characterized by words such as “anticipates,” “may,” “can,” “plans,” “believes,” “estimates,” “expects,” “projects,” “targets,” “intends,” “likely,” “will,” “should,” “to be,” “potential” and other similar words, or statements that certain events or conditions “may,”…



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