BULLETIN V2025-1074
MARGARET LAKE DIAMONDS INC. ("DIA")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: April 14, 2025
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the documentation relating to a mineral claims purchase and sale agreement dated February 10, 2025, between an arm's length party (the "Vendor") and Margaret Lake Diamonds Inc. (the "Company"). Pursuant to the agreement, the Company has agreed to acquire up to 100 percent of the right, title and interest in and to the Letain project located approximately 70 kilometres east-southeast of Dease Lake in Northern British Columbia, Canada.
As consideration, the Company has agreed to make a staged cash payment of $170,000, issue 125,000 common shares, and pay $10,000 in exploration.
In addition, the Company has a 2% net smelter royalty, of which one percent can be purchased for $1 million.
For further information, please refer to the Company's press release dated February 12, 2025.
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