Mountain Province Announces Results of Meeting of Shareholders

Mountain Province Diamonds Inc. (TSX: MPV) announced the detailed results of the 2015 Annual General & Special Meeting of Shareholders.

As quoted in the press release,

At the Annual Meeting a majority of disinterested shareholders, excluding Mr. Dermot Desmond and his associates and affiliates, approved the issuance of 712,500 common shares of the Company to Mr. Desmond, the Company’s largest shareholder. The shares are in lieu of $2,850,000.00 cash, in settlement of the standby fee payable to Mr. Desmond pursuant to the Standby Guarantee Agreement dated February 17, 2015.

Click here for the full Mountain Province Diamonds Inc. (TSX: MPV) press release