/NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. PERSONS/
GIBRALTAR, Aug. 14, 2017 /CNW/ - BOTTIN
(INTERNATIONAL) INVESTMENTS LTD. ("Bottin"), of 57/63 Line Wall
Road, Gibraltar today announced
that Bottin has acquired an aggregate of 1,139,900 common shares of
Kennady Diamonds Inc. ("Kennady") (TSXV: KDI) since May 17, 2017 for aggregate consideration of
$3,987,691. The acquisitions
have been made in several transactions on the TSX Venture Exchange
on different dates since May 17, the
date of the last early warning report filed by
Bottin.
The aggregate purchases since May 17,
2017 represents approximately 2.24% of the 50,867,933 issued
and outstanding shares of Kennady. Bottin, together with its
ultimate beneficial owner Mr. Dermot
Desmond, is required under National Instrument 62-103 The
Early Warning System and Related Take-Over Bid and Insider
Reporting Issues to issue a news release and file an early
warning report for each 2% change in its ownership of common shares
of Kennady since the filing of its last report.
The shares have been acquired for investment purposes.
Bottin is a private limited company based in Gibraltar. Mr. Desmond is the ultimate
beneficial owner of Bottin.
On May 17, 2017 Bottin and Mr.
Desmond together held 12,826,468 shares of Kennady, representing
25.3% of the 50,775,266 issued and outstanding common shares of
Kennady. Following the purchase of 130,000 common shares of
Kennady on the TSX Venture Exchange on August 9 and 10, 2017, Mr. Desmond and Bottin
together hold 13,966,368 common shares of Kennady, representing
approximately 27.46% of the 50,867,933 issued and outstanding
common shares of Kennady.
Bottin has filed an early warning report on SEDAR. A copy
of the report may be obtained from Jaime
Knight, tel. 011 350 200 79000.
About Kennady Diamonds
Kennady Diamonds Inc. controls 100 percent of the Kennady North
diamond project located in Canada's Northwest
Territories. Kennady North is adjacent to the Gahcho Kué
Diamond Mine, a joint venture between De Beers Canada (51%) and
Mountain Province (49%), which
achieved started production in late 2016. Kennady is focused on
expanding its high-grade diamond resources along the Kelvin –
Faraday kimberlite corridor, as well identifying new kimberlites
outside of the corridor. To date an indicated resource of 13.62
million carats of diamonds contained in 8.50 million tonnes of
kimberlite, with a grade of 1.60 carats per tonne and an average
value of US$63 per carat has been
defined for the Kelvin kimberlite using a 1mm diamond bottom cutoff
size. The Kelvin – Faraday corridor is also a target for further
exploration.
BOTTIN (INTERNATIONAL) INVESTMENTS LTD.
"Cheam Directors Limited"
Per:
Cheam
Directors Limited
Director
SOURCE Kennady Diamonds Inc.