DUBLIN, Ireland – An Irish company with the name of Vertigol Unlimited has been buying up shares in Mountain Province Diamonds of Toronto. The Canadian diamond miner says Vertigol now holds 27.9% of its common shares.
Vertigol purchased 6.2 million shares from one seller in a private, off-market transaction at a price of $2.90 per share. The company also acquired 169,400 shares at $2.49795 each and 67,500 shares at $2.55097 each through the Toronto Stock Exchange.
Dermot F. Desmond of Switzerland is the ultimate beneficial owner of Vertigol. Earlier this year, he acquired an interest in Kennady Diamonds shortly before Mountain Province took over Kennady.
Vertigol was set up on May 26, 2018. As an unlimited company, it is not required to file financial statements, and no URL address for it was found.