/NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. PERSONS/
DUBLIN, Sept. 18, 2018 /CNW/ - Vertigol Unlimited
Company ("Vertigol") of Dublin,
Ireland announces that Vertigol acquired 6,200,000 common
shares of Mountain Province Diamonds Inc. ("MPVD") from one
seller in a private off-market transaction for consideration of
CDN$2.90 per MPVD common share.
Vertigol has also acquired 169,400 common shares of MPVD for
consideration of CDN$2.49795 per
share and 67,500 common shares of MPVD for consideration of
CDN$2.55097 per share in market
transactions through the facilities of the Toronto Stock
Exchange.
Mr. Dermot F. Desmond of
Switzerland is the ultimate
beneficial owner of Vertigol.
Immediately before completion of these transactions, Vertigol
held 52,211,558 common shares (24.9% approximately) of MPVD.
Following completion of the private off-market and market purchase
transactions, Vertigol held 58,648,458 common shares (27.9%
approximately) of MPVD.
MPVD has 210,005,810 common shares outstanding on an undiluted
basis and 213,601,473 common shares outstanding on a fully diluted
basis. On a fully diluted basis, Vertigol holds approximately
27.5% of the common share capital of MPVD.
Vertigol acquired the MPVD shares pursuant to a private
off-market transaction with one seller and market transactions
through the facilities of the Toronto Stock Exchange and holds the
shares for investment purposes.
No stock exchange, securities commission or other regulatory
authority has approved or disapproved of the information contained
herein. This news release is not an offer to sell or the
solicitation of an offer to buy any securities in any jurisdiction,
nor shall there be any sale of securities in any jurisdiction in
which such offer, solicitation or sale would be unlawful.
SOURCE Mountain Province Diamonds Inc.