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Margaret Lake Diamonds Announces Results of AGM and Asset Divesture
(TheNewswire) VANCOUVER, BC – TheNewswire - April 24, 2023 - Margaret Lake Diamo...
About this update from Vault Strategic Mining Corp.
[{"type":"text","content":"Margaret Lake Diamonds Announces Results of AGM and Asset Divesture\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n VANCOUVER, BC –\n \n TheNewswire -\n \n April 24, 2023 -\n \n Margaret Lake Diamonds Inc.\n(\"MLD\" or the \"Company\") (TSXV:DIA) (FKT:M85)\n(OTC:DDIAF)\n \n is pleased to announce the results of its Annual\nGeneral and Special Meeting (“\n \n AGSM\n \n ”), held on April 6, 2023. All resolutions presented to\nthe shareholders were approved with over 81.9% of votes cast being in\nfavour of each resolution (see the\n \n SEDAR\n \n filing of the Company’s Information Circular, dated\nMarch 6, 2023).\n \n \n As a result,\n \n \n \n \n \n Dale Matheson Carr-Hilton LaBonte LLP was re-appointed\nas the auditor of the Company.\n \n \n \n \n \n \n The number of Directors was set at three with the\nfollowing nominees elected as directors: Yari Nieken, Quinn\nField-Dyte, Andreas Schleich.\n \n \n \n \n \n \n The Company’s 10% Rolling Stock Options Plan was\nre-approved.\n \n \n \n \n \n \n The Company’s Restricted Share Unit (RSU) Plan was\napproved, subject to TSX Venture Exchange approval.\n \n \n \n \n \n \n authorization to apply to voluntarily delist the Common\nShares from the TSX Venture Exchange and to seek approval from the\nCanadian Securities Exchange, or other qualified stock exchange, to\nlist its securities for public trading was approved by the majority of\nthe minority shareholders of the Company.\n \n \n \n \n \n \n a share consolidation of the outstanding common shares\non the basis of one post-consolidated common share for up to ten\npre-consolidated common shares was approved, subject to TSX Venture\nExchange approval.\n \n \n \n \n \n \n The company has also entered into an Asset Purchase\nAgreement with Elco Securities Ltd. (the “\n \n \n Purchase Agreement\n \n \n ”) whereby the Company will sell 100% of the shares of its\nwholly owned subsidiary, National Uranium Corp. (“\n \n \n National\n \n \n ”) a\nColorado corporation which owns 100% of the mining claims known as the\nMormon Lake Project, Gilia Country, Arizona (“\n \n \n Mormon Lake\n \n \n ”) for\nconsideration of $30,000. Associated project branding, developed\ncreative content and third party sourced/compiled data and technical\npublicatio...