Toronto, Ontario–(Newsfile Corp. – March 19, 2025) – Dunebridge Worldwide Ltd. (“Dunebridge“) of 4th Floor, Lyford Cay House, P.O. Box SP-63131, Western Road, Nassau, Bahamas, announces that it acquired warrants (“Warrants“) to purchase up to 10,000,000 common shares (“Common Shares“) in the capital of Mountain Province Diamonds Inc. (“MPVD“) in connection with Dunebridge providing MPVD with a term loan of up to US$40 million (the “Transaction“).
Mr. Dermot F. Desmond (“Mr. Desmond“) of Switzerland is the ultimate beneficial owner of each of Dunebridge and Vertigol Unlimited Company (“Vertigol“).
Prior to the Transaction, through Vertigol and Dunebridge, Mr. Desmond had beneficial ownership of, and exercises direction and control over, 75,446,071 Common Shares and 41,000,000 Warrants, representing approximately 35.53% of the issued and outstanding Common Shares on a non-diluted basis (and representing approximately 45.96% of the…
