The loan has been raised from a syndidate of lenders led by Natixis, Scotiabank and Nedbank, and it also included ING Capital, Export Development Canada and the Bank of Montreal.
The company, which has partnered with De Beers for the Gahcho Kue Diamond Mine Project, also announced that the maximum term of the loan is for seven years.
With the closure, Mountain Province Diamonds has raised the working capital it needed for the construction and commercial production at Gahcho Kué diamond mine.
The company also said that all deliveries of supplies and equipment planned for the 2015 ice road have been completed on schedule, which will help the company clear the way for the construction of the mine.
Mountain Province Diamonds expects the first production at the Gahcho Kué mine to begin in the first half of 2016.
