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Margaret Lake Diamonds Inc V.DIA

Margaret Lake Diamonds Inc. is a Canada-based exploration stage company engaged in the acquisition and exploration of mineral resource properties located in Canada and the United States. The Company holds an 18.5-per-cent interest in the Diagras diamond project, Northwest Territories, property. The Diagras Property is located in the north-eastern part of the Lac de Gras kimberlite field, approximately 22 kilometers (km) north-north-east (NNE) of the Diavik diamond mine and 36 km east of the Ekati diamond mine in Northwest Territories (NWT), Canada.


TSXV:DIA - Post by User

Comment by Goldy63on Apr 30, 2021 6:15pm
160 Views
Post# 33106434

RE:RE:RE:RE:RE:Back In Rights

RE:RE:RE:RE:RE:Back In Rights
Scoop61 wrote: I would think that DIA  would have signed a document saying they were not participating in the costs of the 2021 exploration proram at the time they opted out. So it is most likely 77% Arctic Star and 23% Margaret Lake Diamonds. If there was any chance Dia could back in and retain 60% Dia's share price would be higher than Add. Still 23% carried interest at this time is nothing to sneeze at!

At the very worst case scenario and time will tell DIA would get 23% and not pay a dime so yup sweet deal till ADD buys them out or the JV gets changed to the mutual satisfaction of both partys . Till then the market speaks . Cheers TGIF.

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