04:03 PM EDT, 07/28/2025 (MT Newswires) -- Mountain Province Diamonds ( MPVDF ) on Monday said it amended its existing credit agreement with Dunebridge Worldwide to increase its bridge loan by US$10 million, raising the total facility to US$40 million.

The bridge credit facility agreement was originally entered into on Feb. 24, the company added.

The new funds carry the same interest rate of 10.5% per year as the original loan and mature on March 18, 2026. If the loan is not repaid by then, the interest rate rises to 12.5%, the company said.

The company also said that the TSX approved the deal on the condition that the value of the consideration to insiders, excluding the US$1 million facility fee, would not exceed 10% of the company's market cap as of Monday, which stands at about C$11.68 million.

The company's shares closed unchanged at $0.055 on the Toronto Stock Exchange.