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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

Post by TELEMARKERon Dec 08, 2021 10:39am
278 Views
Post# 34210360

stockwatch.com

stockwatch.com

Neil Foran's Margaret Lake Diamonds Inc. (DIA) rose 1.5 cents to 21.5 cents on 97,000 shares. The close might seem impressive if you have been away from the market for a few weeks, but the company completed a 1:10 rollback in mid-November that compacted nearly 60 million shares into a tidy six-million-share black hole. A new big-bang expansion is now under way, as Mr. Foran, president and CEO, is offering up to 5.5 million shares at 13.5 cents apiece -- and each of those shares will come with a warrant exercisable at 18 cents.

 
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