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(2) VANCOUVER, BC / ACCESSWIRE / February 4, 2021 / Margaret Lake Diamonds Inc. ( Margaret Lake or the Company ) (TSX.V:DIA)(FKT:M85) is pleased to announce the acquisition of the Old Nick Nickel-Cobalt project in Southern British Columbia as referenced in BC MINFILE 082ESW055 and the Letain Nickel-Cobalt project in North-Western British Columbia. Letain pictured in Photo 1. Acquisition Terms Payments to the vendors, on a 50/50 basis , BC 1200059 Ltd. and BC 1258713 Ltd. as follows: (i) $10,000 upon TSXV approval or 30 days from execution which ever may come sooner; (ii) $10,000 90 days of TSXV approval; (iii) $30,000 6 months of TSXV approval; (iv) $300,000 prior to January 1, 2022; (v) $400,000 prior to August 1, 2023; ....
Margaret Lake Announces Acquisition of Old Nick and Letain Nickel - Cobalt Properties, British Columbia theusnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theusnews.com Daily Mail and Mail on Sunday newspapers.
Margaret Lake Diamonds Inc.: Margaret Lake Diamonds Provides Corporate Update Morrison Copper-Gold Project Located in Omineca Region of British Columbia acquired August 6, 2020, by order of the British Columbia Gold Commissioner, has been returned to the previous leaseholder and the project has been dropped. The Company continues to work with the prospectors on potential administrative and legal remedies to reacquire the project. Further, the Board of Directors has approved the following changes in management: Neil Foran has been appointed CEO. George Kovalyov has been appointed as CFO and Director. Patrick Butler has been appointed as a Director. The Board of Directors of Margaret Lake Diamonds is: ....