Business
Margaret Lake Cancels Options to Buy 1 Million Shares and Gives Update on Audit of Annual Financial Statements
(TheNewswire) Mr. Yari Nieken reports MARGARET LAKE DIAMONDS ANNOUNCES GRANT ...
About this update from Vault Strategic Mining Corp.
[{"type":"text","content":"Margaret Lake Cancels Options to Buy 1 Million Shares and Gives Update on Audit of Annual Financial Statements\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Mr. Yari Nieken reports\n \n \n \n \n MARGARET LAKE DIAMONDS ANNOUNCES GRANT OF OPTIONS AND\nUPDATE ON AUDIT OF ANNUAL FINANCIAL STATEMENTS\n \n \n \n \n VANCOUVER, BC - TheNewswire -\n \n \n Margaret Lake Diamonds Inc.\n \n \n (\"MLD\" or the \"Company\") (TSXV:DIA)\n(FKT:M85A) (OTC:DDIAF)\n \n \n Margaret Lake Diamonds\nInc. has cancelled the grant stock options to certain directors,\nofficers or consultants to purchase up to an aggregate of 1 million\ncommon shares of the company.\n \n \n \n \n Margaret Lake Diamonds Inc. is providing an update with\nrespect to the expected timeline for filing its audited annual\nfinancial statements for the year ended May 31, 2022, the related\nmanagement's discussion and analysis, and certificates of its chief\nexecutive officer and chief financial officer, and its previously\nannounced management cease trade order issued by the company's\nprincipal regulator, the B.C. Securities Commission, on Sept. 29,\n2022.\n \n \n \n \n While the company and its auditor continue to work\ndiligently to file the required documents as soon as they are\navailable, certain additional delays have occurred. The company\ncurrently anticipates being able to complete and file the required\ndocuments no later than Nov. 28, 2022.\n \n \n \n \n As previously announced, pursuant to the management\ncease-trade order, the chief executive officer and chief financial\nofficer of the company may not trade in securities of the company\nuntil such time as the company files the required documents and the\nBCSC revokes the MCTO. The MCTO does not affect the ability of other\nshareholders of the company to trade in securities of the\ncompany.\n \n \n \n \n Pursuant to the provisions of the alternative\ninformation guidelines specified in National Policy 12-203, the\ncompany confirms that, as of the date of this news release: (a) there\nhave been no material changes to the information contained in the\ndefault announcement issued on March 31, 2021, that would reasonably\nbe expected to be material to an investor; (b) there have been no\nfailures by the company to fulfill its stated intentions with respect\nto satisfying the provisions of the alter...