06:38:23 EDT Sat 20 Apr 2024
Enter Symbol
or Name
USA
CA



Margaret Lake Diamonds Inc
Symbol DIA
Shares Issued 32,360,280
Close 2016-10-26 C$ 0.175
Market Cap C$ 5,663,049
Recent Sedar Documents

Margaret Lake 7.85-million-share private placement

2016-10-26 19:17 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Sept. 27, 2016.

Number of shares:  7.85 million shares

Purchase price:  10 cents per share

Warrants:  3,925,000 share purchase warrants to purchase 3,925,000 shares

Warrant exercise price:  30 cents for a two-year period, subject to an acceleration clause

Number of placees:  58 placees

Insider:  Buddy Doyle, 600,000

Total pro group involvement:  500,000 (one placee)

Finders' fees:  Mackie Research Capital Corp., $31,320 cash and 522,000 broker units payable; Canaccord Genuity Corp., $3,000 cash and 50,000 broker units payable (Each broker warrant is exercisable into units with the same terms as the offering.)

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