Yari Nieken, a Director, acquired 1,428,571 Common Shares on an indirect ownership basis for registered holder 1113300 BC LTD at a price of $0.140 through a prospectus or prospectus exempt offering on August 23rd, 2022. The insider also acquired 1,428,571 Warrants with an exercise price of $0.280 for 24 months. This represents a $200,000 investment into the company's shares and an account share holdings change of greater than 100%.
Margaret Lake Diamonds is in the Non-Gold Precious Metals & Minerals Sub Industry Group under the Basic Materials Sector.
Margaret Lake Diamonds Inc. is a Canada-based company, which is focused on the exploration of mineral properties. The Company is in the process of exploring its mineral resource properties and has not determined whether these properties contain mineral reserves, which are economically recoverable. The Company's Exploration and evaluation assets include Diagras, Morrison and Old Nick Nickel Cobalt. The Company hold an interest in Diagras Property, which is 23 mineral claims located in the Northwest Territories, Canada. The Company owns up to a 100% interest in the Morrison Copper-Gold Deposit (the Morrison Project) near Smithers, British Columbia subject to a 2.5% Net Smelter Return. The Company owns 100% interest in Old Nick Nickel-Cobalt project and Letain Nickel-Cobalt projects in British Columbia (Cobalt Projects).
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