Thursday February 20, 2020

Dermot Desmond injects €850k into Canadian diamond firm

Kennady Diamonds controls all of the Kennady North diamond project, ear Mountain Province Diamonds, in which Desmond also has a major stake

Barry J Whyte

Chief Feature Writer

@whytebarry
16th April, 2017
Dermot Desmond

Billionaire financier Dermot Desmond has pumped around €850,000 (CAN$1.2 million) into Kennady Diamonds.

Desmond bought the shares in two tranches last week through his Gibraltar-based investment vehicle Bottin (International) Investments, picking up more than 320,000 shares for a price of $3.75 per share.

Kennady Diamonds controls all of the Kennady North diamond project, located in Canada’s Northwest Territories.

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