Kennady Diamonds has awarded Dr. Moore stock options to purchase up to 200,000 common shares of its capital stock at a price of $3.30 per share, exercisable for a period of ten years.
Jonathan Comerford, chairman of Kennady Diamonds, said, “Over the past six months the company has advanced the governance separation of Kennady Diamonds from its former parent Mountain Province Diamonds with the appointment of two new independent directors. The appointment of a new president and CEO who is independent of Mountain Province is the next key step in this process.”
Mr. Comerford added: “In welcoming Dr. Moore to Kennady Diamonds we also extend our thanks and appreciation to Patrick Evans for his leadership of the company over the past four years. At a time when most believed that the Kennady North project had few prospects, Patrick assembled a team to resume exploration at Kennady which has resulted in the discovery of four kimberlite pipes within the Kelvin – Faraday corridor. The methodical advancement of the project has brought Kennady to an advanced stage now requiring the time and attention of a dedicated CEO. We wish Patrick the very best as he continues as president and CEO of Mountain Province Diamonds.”
Dr. Moore brings more than 30 years of diamond experience to Kennady Diamonds having held a number of positions in the industry, including as CEO of the Mineral Services Group of Companies, president and CEO of Canabrava Diamond Corp. and manager of diamond exploration for BHP Minerals.