Mountain Province Diamonds Announces Proposed Spin-out of Kennady Diamonds

TORONTO AND NEW YORK, Jan. 12, 2012 /CNW/ - Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX: MPV, NYSE-AMEX: MDM) is pleased to announce that its Board of Directors has approved a proposal to spin-out the Company's 100 percent-controlled Kennady North diamond...