Margaret Lake Diamonds Announces Board Change
Margaret Lake Diamonds Announces Board Change
VANCOUVER, BC / August 16, 2022 / Margaret Lake Diamonds Inc. ("MLD" or the "Company")
(TSXV:DIA) (FKT:M85) (OTC PINK:DDIAF) is pleased to advise that effective August 15, 2022, Geoff
Hampson has been elected as a director of the Company to fill a vacancy on the Board of Directors (the
“Board”).
Mr. Hampson is a seasoned and proven entrepreneur with over 40 years of experience in starting
businesses in the construction, manufacturing, technology and mining sectors. He has also served on the
Board of Directors of many TSX Venture Exchange listed issuers. He is the founder and Executive
Chairman of Soma Gold Corp. (TSXV: SOMA), a producing gold miner in Colombia; and CEO of
Infracon Construction Group, a heavy civil and pipeline contractor based in BC; and Fibrox Technology,
a producer of mineral fibre. He was also formerly the CEO of Peer 1 Network, Novocon International and
Corelink Data Centers. Mr. Hampson has been an active venture capital investor in many other start up or
early stage companies as well as having participated in over 27 M&A transactions with a total value of
over $700 million.
Mr. Hampson was an early investor in Margaret Lake and has been a shareholder since 2007.
Mr. Yari Nieken, President and CEO stated: “We are thrilled to welcome Geoff Hampson to the Board of
Margaret Lake. He has been a shareholder of the Company since it was listed on the TSX Venture
Exchange and is very familiar with its history and projects. Geoff has a tremendous amount of experience
in managing both public and private companies, including corporate finance, capital markets and
governance. We expect he will be a very active member of the Board going forward and look forward to
his advice and guidance.”
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.
On behalf of the Board
Margaret Lake Diamonds Inc.
"Yari Nieken"
President, Chief Executive Officer, Chairman
Tel: 604.328.0425 | Email: [email protected]
Disclaimer for Forward-Looking Information:
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LEGAL\59165069\1
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, the completion of the third debt settlement. 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
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.