GOLDNET.MARKET - “We want and are working to provide business with the opportunity to develop a lot of activity areas”

Today, almost all jewellery companies have their own wholesale websites, online stores, and social media pages. But a year ago, GOLDNET.MARKET, the first jewellery wholesale marketplace appeared in Russia, a new effective tool for the jewellery market...

20 september 2021

Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

Mountain Province Diamonds announced voluntary delisting from Nasdaq Stock Exchange

03 february 2020

mountainprovince_logo.pngMountain Province Diamonds Inc. announced that the company has notified Nasdaq Stock Market LLC ("Nasdaq") of its intention to voluntarily delist its common shares from Nasdaq Stock Exchange ("NASDAQ").
The Company is currently out of compliance with Nasdaq Listing Rule 5450(a)(1) which requires listed securities to maintain a minimum bid price of US$1.00 per share.  
Mountain Province has the option to apply for an additional 6 months extension from NASDAQ for continued listing subject to conditions, in order to regain minimum bid price of US$1.00 per share.  However, given that trading on the Toronto Stock Exchange ("TSX") accounts for a vast majority of the Company's current daily trading volume, the costs associated with maintaining this listing are no longer justified.

news_03022020_mountain_province_diamonds.png
Image credit: NASDAQ

The Company anticipates that the last day of trading for the Company's shares on the NASDAQ will be on or about February 10th, 2020. 
Mountain Province also announced that it currently intends at a future date, when permitted under the Securities and Exchange Commission (the "SEC") rules, to terminate the registration of the Company's shares with the SEC.
The Company's shares will continue to trade on the TSX after the NASDAQ delisting becomes effective. 
The Company is currently evaluating alternative platforms for future listings in order to increase liquidity.

Alex Shishlo, Editor of the Rough&Polished European Bureau