Dermot Desmond : now has the option on warrants to buy up to 41 million more shares for an aggregate exercise price of some US$25 million. Picture: SNS Group via Getty
Dermot Desmond has pushed his stake in Mountain Province Diamonds, his Canadian mining company, to more than 35 per cent after spending almost CA$3.5 million on shares. Desmond’s stake, which he holds through Vertigol, a Dublin-based investment company, has now gone from 33.3 per cent to 35.4 per cent. The businessman has also extended a fresh round of financial support to the company in the form of a US$50 million loan facility.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Funds sell over €30m worth of Glenveagh shares as other shareholders up stakes | Business PostSingapore’s sovereign wealth fund has boosted its stake in the listed Irish homebuilder, while a London hedge fund has reduced its holding
Source: businessposthq - 🏆 8. / 71 Read more »
Matt Cooper: How can Britain be the guarantor for a Ukrainian peace deal when it has shown such bad faith on Brexit? | Business PostThe Business Post website is the home of quality independent journalism. An Irish and global news service, with award winning comment and analysis cooper_m The British government and intelligence agencies failed to conduct any proper assessment of Kremlin attempts to interfere with the 2016 Brexit referendum, according to the long-delayed Russia report. simoncoveney MarosSefcovic
Source: businessposthq - 🏆 8. / 71 Read more »
Pat Rabbitte: Will Bacik’s campaigning record be enough to change the fortunes of battered Labour? | Business PostLabour bears the brunt of blame for a myriad of ills, but like its expected new leader, the party has been behind some of this country’s most important moves towards social and economic justice Hardly. She is the definition of a Smoked Salmon Socialist and that space is already filled by SD’s. Just what Labour needs , a champagne socialist leader.
Source: businessposthq - 🏆 8. / 71 Read more »