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Margaret Lake Diamonds Inc (2)
Symbol DIA
Shares Issued 25,712,555
Close 2022-07-22 C$ 0.23
Recent Sedar Documents

Margaret Lake private placement

2022-07-22 18:21 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced May 10, 2022, and June 7, 2022.

Number of shares:  3,333,327 flow-through shares; 10,371,126 non-flow-through common shares

Purchase price:  15 cents per flow-through share; 14 cents per non-flow-through share

Warrants:  13,704,453 share purchase warrants to purchase 13,704,453 shares

Warrant exercise price:  30 cents for a two-year period (3,333,327 warrants); 28 cents for a two-year period (10,371,126 warrants)

Number of placees:  40 placees

Insiders:  George Kovalyov, 85,714; Joel Warawa, 55,000; 1113300 B.C. Ltd. (Yari Nieken), 1,928,571; Triplet Management (Larry Timlick), 150,000

Finders' fees:  $16,413.60 in cash and 114,480 finder's warrants, each exercisable into one common share at 28 cents for a two-year period, payable to Canaccord Genuity Corp.; 257,142 finder's warrants, each exercisable into one common share at 28 cents for a two-year period, and 37,333 finder's warrants, each exercisable into one flow-through share at 30 cents for a two-year period, payable to Research Capital Corp.

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