Margaret Lake Announces Vanadium Battery Joint Venture Update
Margaret Lake Announces Vanadium Battery Joint Venture Update
VANCOUVER, BRITISH COLUMBIA / March 13, 2020 / Margaret Lake Diamonds Inc.
(“Margaret Lake” or the “Company”) (TSX.V: DIA / FKT: M85 / OTC: DDIAF) pleased to
announce it has extended its joint venture closing with KORID Energy of Korea for an
additional 60 days from March 11, 2020, to give time for Toronto Venture Exchange Review.
Joint Venture Transaction
For more information, refer to the Company’s news release dated January 23, 2020. This press
release refers to a joint venture to construct a factory (the “Factory”) in the United States for the
purpose of producing Vanadium Redox Flow Batteries and energ y storage systems. The joint
venture is between the Company and KORID Energy of Korea; KORID is partially owned by DST
Inc. (KOSDAQ: 033430). There is a risk that the transaction will not be accepted or that the terms
of the transaction may change substa ntially prior to acceptance final acceptance by the TSX
Venture Exchange.
Remarks regarding the Joint Venture by Former Maine Secretary of Energy John Kerry and
former New York Governor George Pataki are available at https://youtu.be/KIre7TMNb5k .
About KORID Energy and DST Inc.
KORID Energy is partially owned by DST Inc., a publicly traded company listed on the
KOSDAQ Exchange in South Korea. It operates the following businesses: Automation
Machinery, Mining and Metals Development and Processing, along with other diversified
businesses. Its products and services include energy storage technologies, equipment for the
automobile components industry, food processing equipment, mineral development and
processing, rental services, and others. The company was founded on May 11, 1995 and is
headquartered in Changwon-si, South Korea. For more information visit www.ds-t.co.kr.
About Margaret Lake Diamonds
Margaret Lake Diamonds Inc. (TSX.V: DIA) is a Canadian technology and strategic metals
exploration company focused on construction of Vanadium Redox Flow Battery Factory in the
United States and Vanadium Exploration Globally. The Company continues to maintain an
interest in the Diagras Diamond property located approximately 50km from the Diavik and
Ekati Diamond Mines.
Contact Information
Jared Lazerson
President and CEO
Web: www.margaretlakediamonds.com
System Integrators Contact
Neil Foran
CFO
Neither the TSX Venture nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture) accepts responsibility for the adequacy or accuracy of this
release.
Forward-Looking Statements
This press release contains forward-looking information or forward-looking statements
(collectively "forward-looking information") within the meaning of applicable securities laws.
Forward-looking information is typically identified by words such as: "believe", "expect",
"anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by
their nature, refer to future events. The Company cautions investors that any forward-looking
information provided by the Company is not a guarantee of future results or performance, and
that actual results may differ materially from those in forward-looking information as a result of
various factors. The reader is referred to the Company's public filings for a more complete
discussion of such risk factors and their potential effects which may be accessed through the
Company's profile on SEDAR at www.sedar.com.