July 13 (Reuters) - Mountain Province Diamonds Inc MPVD.TO :
* MOUNTAIN PROVINCE DIAMONDS OBTAINS WAIVER UNDER REVOLVING CREDIT FACILITY
* MOUNTAIN PROVINCE - WAIVER EXEMPTS CO FROM COMPLIANCE WITH FINANCIAL COVENANTS THAT IT WOULD OTHERWISE HAVE HAD TO SATISFY AS OF JUNE 30
* MOUNTAIN PROVINCE DIAMONDS INC - WAIVER REMOVES BORROWER'S COVENANT TO MAINTAIN A MINIMUM CASH BALANCE
* MOUNTAIN PROVINCE DIAMONDS INC - AGREED TO A REDUCTION IN SIZE OF REVOLVING CREDIT FACILITY TO US$25 MILLION FROM US$50 MILLION
* MOUNTAIN PROVINCE DIAMONDS INC - AGREED TO IMPOSITION OF ADDITIONAL COVENANTS
* MOUNTAIN PROVINCE DIAMONDS - CONTINUES NEGOTIATIONS WITH MAJOR SHAREHOLDER, OTHER FINANCIAL INSTITUTIONS TO SECURE ADDITIONAL DEBT FACILITIES