Margaret Lake Diamonds has closed its previously announced non-brokered private placement for gross proceeds of $400,000. The Company issued 20,000,000 units for $0.02 per unit. Each unit consists of one common share in the capital of the Company and one transferable common share purchase warrant. Each warrant will be exercisable to purchase one common share at a price of $0.05 per share within 36 months. Warrants are [...]
Margaret Lake Diamonds Inc. has closed its previously announced non-brokered private placement for gross proceeds of $400,000. The company issued 20,000,000 units for $0.02 per unit. Each unit consists of one common share in the capital of the company and one transferable common share purchase warrant. Each warrant will be exercisable to purchase one common share at a price of $0.05 per share within 36 months. All [...]
Margaret Lake Diamonds Inc. is pleased to announce a non-brokered private placement for gross proceeds of up to C$400,000 from the sale. The company will issue 20,000,000 units for $0.02 per unit. Each unit will consist of one common share in the capital of the company and one transferable common share purchase warrant. Each warrant will be exercisable to purchase one common share at a price of $0.05 per share within 24 [...]
Margaret Lake Diamonds Inc. is pleased to announce that it has received a revocation of its Management Cease Trade Order as of December 21, 2022 from the British Columbia Securities Commission. The company has filed the required records and the cease trade order is revoked. The Board is also notifying shareholders of a proposed consolidation of MLD outstanding common shares on an up to 10:1 basis as may be determined by [...]
Margaret Lake Diamonds Inc. is pleased to announce that it has received caustic fusion diamond results from the Sequoia Kimberlite Complex from the Diagras Project. The Diagras project is located at prolific diamond production district of Lac de Gras in the Northwest Territories and is a Joint Venture between MLD and Arctic Star Exploration Corp. The results are given below in Table 1 along with the previous results for [...]
Margaret Lake Diamonds Inc. is providing an update with respect to the expected timeline for filing its audited annual financial statements for the year ended May 31, 2022, the related management's discussion and analysis and certificates of its CEO and CFO and its previously announced management cease trade order issued by the Company's principal regulator, the British Columbia Securities Commission , on September 29 [...]
Margaret Lake Diamonds Inc. has cancelled the grant stock options to certain directors, officers or consultants to purchase up to an aggregate of 1 million common shares of the company. Margaret Lake Diamonds Inc. is providing an update with respect to the expected timeline for filing its audited annual financial statements for the year ended May 31, 2022, the related management's discussion and analysis, and certificates [...]
Margaret Lake Diamonds Inc. has granted stock options to certain directors, officers and consultants to purchase up to an aggregate of 1 million common shares of the company at a price of $0.055 per share, exercisable up to one years from the date of grant. About Margaret Lake Diamonds Inc. Margaret Lake is a Canadian-based mineral exploration company. As part of its joint venture with Arctic Star Exploration, Margaret [...]
Margaret Lake Diamonds is providing an update with respect to the expected timeline for filing its audited annual financial statements for the year ended May 31, 2022, the related management's discussion and analysis and certificates of its CEO and CFO and its previously announced management cease trade order issued by the Company's principal regulator, the British Columbia Securities Commission , on September 29, 2022 [...]
Margaret Lake Diamonds Inc. is pleased to announce the appointment of Quinn Field-Dyte to its Board of Directors, replacing Larry E. Timlick. Mr. Timlick will remain with the company as a Strategic Advisor to the Board and the position of Corporate Secretary will be assumed by Mr. Field-Dyte. Mr. Field Dyte holds the position of CFO & Director at Quantum Battery Metals Corp., Chief Financial Officer & Director at Vantex [...]
Margaret Lake Diamonds Inc. is pleased to announce the appointment of Andreas Schleich to its Board of Directors, replacing C. Geoffrey Hampson. Mr. Schleich comes with over 20 years of international experience as senior executive with both private and public companies. Over the course of his career, he has held several C-level management positions in multi-cultural and global environments in Germany, Denmark, Mexico and [...]
Margaret Lake Diamonds Inc. is providing an update with respect to the expected timeline for filing its audited annual financial statements for the year ended May 31, 2022, the related management's discussion and analysis and certificates of its CEO and CFO and its previously announced management cease trade order issued by the Company's principal regulator, the British Columbia Securities Commission , on September 29 [...]