Dermot Desmond is likely to get new shares in his company, Mountain Province, under the proposed arrangement. Picture: Sportimage/Paul Thomas
Businessman Dermot Desmond is set to extend a fresh $50 million round of funding to his Canadian diamond mine company. The deal will involve a loan facility from a company controlled by Desmond as well as “an equity component”, likely meaning new shares for Desmond in the company. Mountain Province owns 49 per cent of the Gahcho Kué mine in northwest Canada, with the other 51 per cent owned by De Beers, the mining giant.
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:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Positive antigen tests could be added to official Covid figures | Business PostGovernment is optimistic that Covid-19 cases will peak this coming week, but business leaders warn that staffing shortages are emerging in critical industries like food and pharma.
Source: businessposthq - 🏆 8. / 71 Read more »
Intel set to confirm that €80bn plant won’t be built here | Business PostIreland’s strained energy infrastructure and potential delays in the planning system may have influenced the likely decision – LorcanAllen reports. LorcanAllen This plant was never going to be built in Ireland. Intel already has an expanding plant here. The objective of the new US & Europe plants is to build up chip capacity outside Asia. Building another plant in Ireland does not add to supply chain resilience. LorcanAllen The planning & power could be solved. It’s just to big a project for a country the size of Ireland. France, Germany, Italy many be Poland, that’s about it. The duration, number of people required to build it & operate it, way to big for Ireland. LorcanAllen Maybe could it be the anti business left in this country. You could add to your speculation.
Source: businessposthq - 🏆 8. / 71 Read more »