Business
Margaret Lake Diamonds Inc. Announces Postponement of Annual General Meeting
Vancouver, British Columbia--(Newsfile Corp. - May 14, 2021) - Margaret Lake Diamonds Inc.
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About this update from Vault Strategic Mining Corp.
[{"type":"text","content":"Margaret Lake Diamonds Inc. Announces Postponement of Annual General MeetingVancouver, British Columbia--(Newsfile Corp. - May 14, 2021) - Margaret Lake Diamonds Inc. (TSXV: DIA) (FSE: M85) (OTC: DDIAF) (the \"Corporation\") is announcing that its annual general meeting of shareholders (the \"Meeting\") was postponed today due to its increased concerns related to the spread of the COVID-19 virus after learning that a number of its shareholders desire to attend the Meeting in person. The Corporation previously secured a small venue at which to host the Meeting however, after learning that a number of shareholders desire to attend the Meeting in person, the Corporation determined that in order to mitigate the potential risks to the health and safety of its shareholders, employees, communities and other stakeholders and based on government orders to avoid large indoor gatherings, it was necessary to postpone the Meeting and secure a more suitable meeting location that will allow for a greater number of individuals to attend the Meeting in person while following physically distancing guidelines. Further details regarding the new meeting venue and the time and date of the postponed meeting will be provided in a subsequent news release. Concurrently, the Corporation announced the adoption by its Board effective May 13, 2021, of an advance notice policy regarding the nomination of directors (the \"Advance Notice Policy\"). The Advance Notice Policy was adopted to reflect the latest developments and shareholder expectations as to good corporate governance. The Advance Notice Policy provides a clear process and fixed deadlines for shareholders to follow for director nominations and sets out a reasonable time frame for the submissions of nominees and the information that a shareholder must include in the notice in order for it to be valid. The Advance Notice Policy is similar to advance notice policies adopted by other Canadian public companies and will help to ensure that all shareholders receive adequate notice of the nominations to be considered at a meeting and can thereby exercise their votes in an informed manner. In the case of an annual meeting of shareholders (including an annual and special meeting), notice to the Corporation must be given not less than 30 or more than 50 days prior to the date of the annual meeting. In the...