Business
Margaret Lake Diamonds Inc. Announces Effective Date of Share Consolidation
(TheNewswire) VANCOUVER, BC – TheNewswire - June 14, 2023 - Margaret Lak...
About this update from Vault Strategic Mining Corp.
[{"type":"text","content":"Margaret Lake Diamonds Inc. Announces Effective Date of Share Consolidation\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n VANCOUVER, BC –\n \n \n TheNewswire\n-\n \n \n June 14, 2023 -\n \n \n Margaret Lake Diamonds Inc.\n(\"MLD\" or the \"Company\") (TSXV:DIA) (FKT:M85)\n(OTC:DDIAF)\n \n \n (\"Margaret Lake\" or the\n\"Company\") announces that, further to the Company's news\nrelease dated May 24, 2023, the Company will consolidate its common\nshares (the \"\n \n \n Shares\n \n \n \") on the basis of ten (1)\npre-consolidation Shares for one (1) post-consolidation Share of the\nCompany (the \"\n \n \n Consolidation\n \n \n \").\n \n \n \n \n The Company's post Consolidation Shares are expected to\nbegin trading on the TSX Venture Exchange on June 16, 2023.  The name\nof the Company and trading symbol will remain the same after the\nConsolidation.  The new CUSIP number will be 56658A401 and the new\nISIN number will be CA56658A4019 for post Consolidation.\n \n \n \n \n The Consolidation will result in the number of issued\nand outstanding Shares being reduced from 47,412,288 to\n4,741,230\n \n \n \n \n Shares.\n No fractional Shares will be issued pursuant to the Consolidation.\n \n \n Each fractional Share remaining after the\nConsolidation that is less than one-half of one Share will be\ncancelled and each fractional Share that is at least one-half of one\nShare will be changed to one whole Common Share.\n \n \n \n \n A letter of transmittal will be mailed to registered\nshareholders by the Company’s transfer agent, Endeavor Trust\nCorporation once the Consolidation has taken effect.  The letter of\ntransmittal contains instructions on how registered shareholders can\nexchange their share certificates evidencing their pre-consolidation\nshares for new share certificates representing the number of\npost-consolidation shares to which they are entitled. Beneficial\nshareholders holding their shares through a brokerage may be subject\nto different procedures for obtaining their post-consolidation shares.\n If shareholders have any questions in this regard, they are\nencouraged to contact their respective brokerage or\nintermediary.\n \n \n \n \n On behalf of the Board\n \n \n \n \n Margaret Lake Diamonds Inc.\n \n \n \n \n \"Yari Nieken\"\n \n \n \n \n President, Chi...