BRIEF-Mountain Province Diamonds announces $47 million rights offering

Oct 10 (Reuters) - Mountain Province Diamonds Inc :

* Announces proposed $47 million rights offering

* Proceeds will be used to fund co's 49% share of initial capital costs for

Gahcho Kué diamond mine

* Proceeds to be sufficient for co's share of initial capital costs of

permitting of Gahcho Kué in 2013

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