Margaret Lake Appoints Yari Nieken as CEO, President, and Chairman
VANCOUVER, BC / May 18, 2022 / Margaret Lake Diamonds Inc. ("MLD" or the "Company") (TSXV:DIA) (FKT:M85) (OTC PINK:DDIAF) today announced that Mr. Yari Nieken has been named as President, Chief Executive Officer and Chairman. Neil Foran, who has been acting as President and Chief Executive Officer will continue as a member of the Board of Directors .
Mr. Nieken has a wide range of public company and capital market experience, and is Founder and President of Foremost Capital Inc. an Exempt Market Dealer in British Columbia. He is currently a director of Veritas Pharma Inc. as well as the CFO and Director of Leis Industries Ltd. and has served on the boards of several public and private issuers including PUF Ventures (President & CEO), Lexagene Holdings Inc. (Director), and Duport Capital Ltd (Director). He was formerly an investment advisor at Union Securities Corp. and continues to be a registrant in good standing in the provinces of British Columbia, Alberta, and Ontario and has raised considerable capital in his career. Mr. Nieken holds an MBA from the Sydney Graduate School of Management and a BA from the University of British Columbia. Neil Foran commented, “The Company is looking forward to working with Yari as he takes on the lead management roles. He brings a great wealth of experience to the Company, specifically in areas of capital markets, growth strategies, and marketing. Mr. Nieken’s experience will be very valuable as Margaret Lake prepares to embark on the next steps of its journey.”
About Margaret Lake Diamonds Inc.
MLD is a Canadian based mineral exploration company. As part of its joint venture with Arctic Star Exploration, MLD holds an 18.5 per cent interest in the Diagras diamond project Northwest Territories property. The property hosts 13 known kimberlites originally discovered by DeBeers in the 1990’s and MLD believes there is an opportunity to apply modern exploration techniques to define additional kimberlites. Additionally MLD owns 100% interest in the Mormon Lake Uranium Property near Payson, Arizona.
On behalf of the board
Margaret Lake Diamonds Inc. "Neil Foran" Director Tel: 778.321.4638 email: [email protected]
Disclaimer for Forward-Looking Information:
Certain statements in this release are forward-looking statements, which reflect the expectations of management. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Forward-looking statements in this press release relate to, among other things: completion of the proposed Arrangement. Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. There is no assurance any of the conditions for closing will be met. Forward-looking statements reflect the beliefs, opinions, and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, the Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law
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