Monday, March 27, 2017

Kennady Diamonds Inc. - KDI.v

Kennady Diamonds Inc. - KDI.v focus is on 13 leases and claims located immediately adjacent to the De Beers/Mountain Province Diamonds joint venture property in Canada’s Northwest Territories.

The Kennady North Project is located 280 kilometres east-northeast of Yellowknife, NT in the District of Mackenzie.

On March 17, 2017 the company reported News

Kennady Diamonds Inc. (“Kennady”, the “Company”) (TSX-V: KDI) today announced that the Board of Directors of the Company have formed a special committee of independent directors (the “Special Committee”) in response to discussions with certain interested parties regarding a potential strategic transaction. The Special Committee, with the assistance of Minvisory Corp. as its financial advisor and Fasken Martineau DuMoulin LLP as its legal advisor, and the Company will consider and evaluate various strategic alternatives to maximize shareholder value, including continuing to execute on its existing business plan.