Mountain Province Diamonds Appoints Vice President Finance
TORONTO and NEW YORK, January 29, 2013
TORONTO and NEW YORK, January 29, 2013 /PRNewswire/ --
Shares Issued and Outstanding: 94,168,151 TSX: MPV NYSE MKT: MDM
Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX:
MPV, NYSE MKT: MDM) is pleased to announce the appointment of Bruce Ramsden,
B. Com., ACIS as Vice President Finance and CFO-designate effective February
Mr. Ramsden is an experienced finance executive with more than 30 years
experience. Most recently, Mr. Ramsden served as Vice President Finance, CFO
and Corporate Secretary of Andean American Gold Corp. prior to the acquisition
of that company by Lupaka Gold Corp. last September. Prior to that, he served
as VP Finance and CFO of St Andrew Gold Fields Ltd. (2002 - 2005) and Vaaldiam
Mining Inc., formerly Tiomin Resources Inc. (2005 - 2010).
"We are pleased to welcome Bruce to Mountain Province Diamonds at an important
time in the Company's transition", said Patrick Evans, President and CEO.
"Bruce's financial skills, experience in the Canadian resource sector and
particular experience arranging debt finance facilities will contribute to our
continued success as we prepare for the development of the Gahcho Kué diamond
Mr. Ramsden will also assume the position of chief financial officer and
corporate secretary effective May 1, 2013, upon the departure of the Company's
current CFO and corporate secretary on April 30, 2013.
Mountain Province Diamonds is a 49% participant with De Beers Canada in the
Gahcho Kué JV located at Kennady Lake in Canada'sNorthwest Territories. The
Gahcho Kué Project consists of a cluster of four diamondiferous kimberlites,
three of which have a probable mineral reserve of 31.3 million tonnes grading
1.57 carats per tonne for total diamond content of 49 million carats.
Gahcho Kué is the world's largest and richest new diamond development project.
A December 2010 feasibility study filed by Mountain Province (available on
SEDAR) indicates that the Gahcho Kué project has an IRR of 33.9%.
This news release has been prepared under the supervision of Carl G. Verley,
P.Geo., who serves as the qualified person under National Instrument 43-101.
This news release may contain forward-looking statements, within the meaning
of the "safe-harbor" provision of the Private Securities Litigation Reform Act
of 1995, regarding the Company's business or financial condition. Actual
results could differ materially from those described in this news release as a
result of numerous factors, some of which are outside the control of the
For further information:
Mountain Province Diamonds Inc.Patrick Evans, President and CEO 161 Bay
Street, Suite 2315Toronto, Ontario M5J 2S1 Phone: +1-416-361-3562 E-mail:
Press spacebar to pause and continue. Press esc to stop.