VANCOUVER, BC / ACCESSWIRE / August 17, 2021 / Margaret Lake Diamonds Inc. ("MLD" or the "Company") (TSXV:DIA)(FKT:M85) is pleased to announce at the Company's Annual General Meeting held Thursday August
Nicola Mining Inc. Obtains Extension to Mineral Purchase Agreement to Acquire 50% of Dominion Creek Gold Project TSXV: NIM) Amended Mineral Purchase Agreement ) with High Range Exploration Ltd. ( High Range ) to acquire 50% of the Dominion Creek Property (the Gold Project ) which is located 43 kilometers northeast of the Town of Wells and approximately 110 kilometers east-southeast of Prince George. The Company announced on September 17, 2020 that it had signed a Strategic Milling and Profit Share Agreement ( Profit Share Agreement ) with High Range and on September 23, 2020 that it had entered into a Letter of Intent ( LOI ) to acquire a 50% interest in the Gold Project. The Amended Mineral Purchase Agreement extends the closing until June 15, 2021, which allows the Company to complete its final due diligence and documentation for closing. The Company received support for the acquisition from Ocean Partners Holdings and is able to draw down non-dilutive funds for the transaction via a revolving US$500,000 prepayment provision that allows the Company to request an advance prepayment for the purpose of working capital.