Business
Margaret Lake Diamonds Inc. Announces Share Consolidation
(TheNewswire) V ancouver , BC - TheNewswire - May 24, 2023 - Margaret L...
About this update from Vault Strategic Mining Corp.
[{"type":"text","content":"Margaret Lake Diamonds Inc. Announces Share Consolidation\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n V\n \n \n ancouver\n \n \n , BC -\n \n \n TheNewswire -\n \n \n May 24, 2023 -\n \n \n Margaret Lake Diamonds Inc.\n \n \n (\"MLD\" or the\n\"Company\") (TSXV:DIA) (FKT:M85) (OTC:DDIAF)\n \n \n (\"\n \n \n Margaret\nLake\n \n \n \" or the \"\n \n \n Company\n \n \n \")\nannounces that following shareholder approval of a consolidation of\nthe common shares of the Company (the \"\n \n \n Common Shares\n \n \n \")\nat the annual general and special meeting of shareholders of the\nCompany held on April 6, 2023, the Company's issued and outstanding\nCommon Shares will be consolidated on the basis of ten (1)\npre-consolidation Common Shares for one (1) post-consolidation Common\nShare of the Company (the \"\n \n \n Consolidation\n \n \n \").  The Consolidation is\nsubject to TSX Venture Exchange (the \"\n \n \n TSX-V\n \n \n \")\napproval.\n \n \n \n \n As of the date of this news release, the Company has\n47,412,288 Common Shares issued and outstanding.  Following\ncompletion of the Consolidation, the Company is expected to have\napproximately 4,741,228 Common Shares issued and outstanding.  The\nCompany's name and stock symbol will remain the same after the\nConsolidation but the Company's CUSIP and ISIN numbers will\nchange.\n \n \n \n \n No fractional Common Shares will be issued pursuant to\nthe Consolidation.\n \n \n Each fractional Common Share\nremaining after the Consolidation that is less than one-half of one\nCommon Share will be cancelled and each fractional Common Share that\nis at least one-half of one Common Share will be changed to one whole\nCommon 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 \n \n \n \...