Mountain Province Diamonds completes business combination with Kennady Diamonds

April 13, 2018

On April 13, 2018, Mountain Province Diamonds Inc. (TSX and NASDAQ: MPVD) and Kennady Diamonds Inc. (TSXV: KDI) announced the successful completion of their previously announced business combination, pursuant to which Mountain Province acquired all of the common shares of Kennady by way of a court-approved plan of arrangement.

Under the terms of the arrangement, holders of Kennady shares (other than Mountain Province) received 0.975 Mountain Province shares in exchange for each Kennady share held.

Miller Thomson advised the special committee of Mountain Province Diamonds with respect to this transaction with a team led by Greg Smith and that included Kevin Sorochan, Brian Fast, Elizabeth Holden and Robyn Enslen (corporate/M&A) and Gerald Courage and Neil Gurmukh (tax).