Margaret Lake Diamonds Inc. Announces Debt Settlement
For Immediate Release
NEWS RELEASE November 6, 2015
MARGARET LAKE DIAMONDS INC. ANNOUNCES DEBT SETTLEMENT
Margaret Lake Diamonds Inc. (the “Company”) (TSXV: DIA) announces that it has agreed to settle an aggregate $31,050 of debt (the “Debt”) by the issuance of a total of 207,000 common shares of the Company (the “Shares”) at a deemed price of $0.15 per Share. The Shares will be subject to four month hold period and the issuance of the Shares are subject to the approval of the TSX Venture Exchange.
About Margaret Lake Diamonds Inc.
Margaret Lake Diamonds Inc. is a diamond exploration company focused on the Northwest Territories in proximity to Gahcho Kué, the next Canadian diamond mining development by De Beers and Mountain Province Diamonds, and adjacent to the advanced exploration and bulk sampling being pursued by Kennady Diamonds.
For further information, please contact:
Margaret Lake Diamonds Inc.
Paul Brockington President and CEO Phone: 604-630-2810
Website: www.margaretlakediamonds.ca
Forward-looking Information
This news release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company. The following are important factors that could cause the Company’s actual results to differ materially from those expressed or implied by such forward looking statements; the uncertainty of future profitability; and the uncertainty of access to additional capital. Full description of these risks can be found in the Company’s Annual Information Form, dated August 15, 2014, available on the Company's profile on the SEDAR website at www.sedar.com, and on the Company’s website at www.margaretlakediamonds.ca. These risks and uncertainties could cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and expressed qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change.
Neither the TSX Venture Exchange nor its Regulation Services Provided (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.