Canadian Diamond Co. To Spin Off Mining Project

Law360, New York (January 13, 2012, 8:13 PM EST) -- Canada's Mountain Province Diamonds Inc, a joint venture partner with De Beers Diamond Jewellers Ltd., plans to spin off a mining project into a separate TSX Venture Exchange-listed company, according to a filing with the U.S. Securities and Exchange Commission on Friday.

The exploration company's board of directors has approved splitting its 100 percent-controlled Kennady North diamond project, located in the Northwest Territories province, into a newly incorporated company called Kennady Diamonds Inc., the company said.

Upon approval by Mountain Province's shareholders and a proposed listing...
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