Mountain Province Diamonds sells up to US$5 million receivables to bolster liquidity ahead of restructuring talks

  • Mountain Province Diamonds raised near-term liquidity via a related-party sale of up to USD 5 million of GK Mine receivables for up to USD 4.17 million.
  • Key maturities were pushed to Sept. 30, 2026, covering the decommissioning fund payment to De Beers, the USD 40 million term loan, and C$ 33 million working capital facility.
  • Second Lien Notes coupon due June 15, 2026 was deferred to Dec. 15, 2026; interest continues to accrue at 9.6075%.
  • Moves are intended to keep operations running while the company pursues a broader restructuring or refinancing.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mountain Province Diamonds Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202606151705PR_NEWS_USPR_____TO84192) on June 15, 2026, and is solely responsible for the information contained therein.

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