David N. Siegel to be Appointed Director.Business Editors ONTARIO, Calif.--(BUSINESS WIRE)--Aug. 2, 2000 Mountain Province Mining Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :MPVI; TSE:MPV), announced today that David N. Siegel of Houston, Texas, has agreed to accept appointment as a director of the company. This appointment is subject to approval by the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. . Mr. Siegel is the former president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of the Budget Group, Inc. (NYSE NYSE See: New York Stock Exchange :BD), and previously held the position of president of Continental Express, Inc. (NYSE:CAL). Mr. Siegel received his M.B.A. from Harvard Business School and B.S. from Brown University. Dr. Jan W. Vandersande, president of Mountain Province Mining, commented, "We are delighted to have David join us. His business and public company experience add substantial depth to our board at a significant period in the development of our diamond properties in the Northwest Territories." Mountain Province Mining Inc. is a diamond exploration and development company. The company's AK and CJ claims, located in the Northwest Territories of Canada, are held 90% by Mountain Province Mining Inc. and 10% by Camphor camphor (kăm`fər), C10H16O, white, crystalline solid ketone with a characteristic pungent odor and taste. It melts at 176°C; and boils at 204°C;. Ventures (VSE:CFV). Mountain Province Mining Inc. and its partners have entered into a joint agreement with Monopros, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of De Beers Consolidated Mines Limited, under which Monopros has the right to earn up to a 60% interest in the AK and CJ properties. For more information, please visit the company's web site at www.mountainprovince.com. This release may contain forward-looking statements, within the meaning of the "safe-harbor" provision of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, regarding the Company's business or financial condition. Actual results could differ materially from those described in this news release as a result of numerous factors, some of which are outside of the control of the company. USA Office: 3633 E. Inland Empire Blvd., Suite 265, Ontario, CA 91764 (800) 220-1943 CANADA Office: 789 West Pender Street, Suite 1205, Vancouver, B.C. V6C 1H2 (800)-555-9343 Web Site: www.mountainprovince.com E-mail: MtnProvInvRel@worldnet.att.net |
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