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03.28.2024
Mountain Province Diamonds C$4.5M Private Placement Over Subscribed
/NOT FOR DISTRIBUTION WITHIN THE UNITED STATES OR TO UNITED STATES
    NEWSWIRES/

    Shares Issued and Outstanding: 60,097,746
    TSX: MPV
    AMEX: MDMTORONTO, July 30 /CNW/ - Mountain Province Diamonds Inc. ("Mountain
Province" or the "Company") (TSX: MPV, AMEX: MDM) today announced that
although its previously announced non-brokered private placement is
over-subscribed, the Company has decided to limit the placement to the
originally announced C$4.5 million. Final regulatory approval has been
received and the Company expects to close the private placement shortly.
    On closing, 3,000,000 Units of the Company will be issued at a price of
C$1.50 (US$1.30) per Unit for aggregate gross proceeds of C$4.5 million. Each
Unit will be comprised of one common share of the Company and one-half of one
common share purchase warrant. Each whole warrant will entitle the holder to
acquire one additional common share at an exercise price of C$2.00 (US$1.73)
for a period of 18 months from the date of closing of the private placement.
    The securities described herein have not been, and will not be,
registered under the United States Securities Act of 1933, as amended (the
"U.S. Securities Act"), or any state securities laws, and accordingly, may not
be offered or sold within the United States except in compliance with the
registration requirements of the U.S. Securities Act and applicable state
securities requirements or pursuant to exemptions therefrom. This press
release does not constitute an offer to sell or a solicitation of an offer to
buy any of the Company's securities in the United States.

    Forward-Looking Statements

    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 Company.



For further information:
For further information: Mountain Province Diamonds Inc., Patrick Evans,
President and CEO, Tel: (416) 670-5114

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