Mr. Patrick Evans reports
MOUNTAIN PROVINCE DIAMONDS SHAREHOLDERS APPROVE KENNADY DIAMONDS SPIN-OUT
Mountain Province Diamonds Inc.'s shareholders have voted 99.5 per cent in favour of the proposed spinout of Kennady Diamonds Inc. at a special meeting of shareholders held April 25, 2012.
The spinout will be completed through a plan of arrangement and remains subject to final court and regulatory approval. An application has been submitted to the TSX Venture Exchange for the listing of the common shares of Kennady Diamonds under the trading symbol KDI following the completion of the plan of arrangement. Mountain Province anticipates receiving final court approval during the first week of May, 2012. Subject to final court and regulatory approval, Mountain Province expects the shares of Kennady Diamonds to commence trading prior to the end of May, 2012