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RAPAPORT... Mountain Province Diamonds Inc. increased its previously announced non-brokered private placement of common shares, due to strong support from existing shareholders, to $28 million (CAD 29.1 million) from $24 million. Additional proceeds under the private placement will be used to support capital expenditures at the Gahcho Kué project, the 2014 Tuzo deep drill program and for general corporate purposes. The private placement is expected to close on or before November 22 and is subject to regulatory approval. Mountain Province Diamonds is a 49 percent participant with De Beers Canada in the Gahcho Kué joint venture located at Kennady Lake in Canada's Northwest Territories. Gahcho Kué consists of a cluster of four diamondiferous kimberlites, three of which have diamond content of about 49 million carats.
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