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
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.
The mine is located relatively near Mountain Province Diamonds, in which Desmond also has a ...
