Margaret Lake Diamonds Enters into IR Agreements
Margaret Lake Diamonds Enters into IR Agreements
VANCOUVER, BC / August 12, 2022 / Margaret Lake Diamonds Inc. ("MLD" or the "Company")
(TSXV:DIA) (FKT:M85) (OTC PINK:DDIAF) announces that it has entered into investor relations
agreements with Mining Investor Resources Media Ltd., dba MiningIR.com (“MiningIR”), Canary Capital
Corp. (“Canary Capital”), 2686362 Ontario Corporation dba CanaCom Group (“CanaCom”) and Market
One Media Group Inc. (“Market One”). This news release is made in accordance with the requirements of
TSX Venture Exchange Policy 3.4 – Investor Relations, Promotional and Market Making Activities.
Mining Investor Resources Media Ltd.
The Company has entered into an investor marketing services agreement dated August 2, 2022 with
MiningIR (the “MiningIR Agreement”), to provide the Company with investor marketing services through
mining and resource news, lead generation services, social media services, and creation of an information
company profile page. The MiningIR Agreement is for a term ending June 30, 2023, for total compensation
equaling $36,000. MiningIR is headquartered in Dublin, Republic of Ireland. Neither MiningIR nor its
affiliates currently own any securities of the Company. MiningIR and the Company are unrelated and
unaffiliated entities.
Canary Capital Corp.
The Company has entered into a media services contract with Canary Capital (the “Canary Agreement”).
In accordance with the terms and conditions of the Canary Agreement, Canary Capital will be responsible
for the administration and management of the Company’s website, SEO, presentation materials, strategic
introductions to institutional and retail investors and comprehensive digital ad campaign services.
The Canary Agreement is for a term of one year for total compensation equaling $200,000 plus GST to be
paid to Canary Capital in connection with the services contemplated therein.
On May 10, 2022 Canary Capital participated in a private placement of the Company through which it
purchased 343,000 non flow though units (“NFT Units”) at a price of $0.14 per NFT Unit for a total of
$48,020. Each NFT Unit consists of one common share and one common share purchase warrant. Each
whole warrant entitles the holder to purchase, for a period of 24 months from the date of issue, one
additional common share of the Company at a price of $0.28 per share.
On July 5, 2022 Canary Capital purchased an additional 350,660 flow through units (“FT Units”) at a price
of $0.15 per FT Unit for a total of $52,599. Each FT Unit consists of one common share and one common
share purchase warrant. Each whole warrant entitles the holder to purchase, for a period of 24 months from
the date of issue, one additional common share of the Company at a price of $0.32 per share.
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2686362 Ontario Corporation dba CanaCom Group
The Company has entered into an agreement with CanaCom (the “CanaCom Agreement”), pursuant to
which CanaCom agreed to provide digital content, marketing and media distribution services to the
Company. The CanaCom Agreement is for a term of 12 months commencing on Aug. 3, 2022, for total
compensation of $200,000. CanaCom is a full-service marketing agency based in Toronto, Ont. CanaCom
provides digital marketing awareness via advertising through its fully owned platform theDeepDive.ca,
which includes both video and written content coverage of Canadian small-cap stories. To the best of the
Company's knowledge CanaCom does not have any equity interest in the securities of the Company, or a
right to acquire such an interest. CanaCom operates as an arm's-length service provider to the Company.
Market One Media Group Inc.
The Company previously signed an agreement with Market One dated June 1, 2022 (the “Market One
Agreement”), pursuant to which Market One agreed to provide marketing and social media expertise in
support of the Company's growth initiatives. Pursuant to the terms of the Market One Agreement, such
marketing services are to be provided over a 12-month period, commencing on Aug 3, 2022, for total
compensation of $100,000, plus applicable taxes. Market One is a marketing agency for public companies
with offices in Vancouver and Toronto. It offers a multiplatform media solution for the capital markets
operating in print, digital and broadcast television. To the best of the Company's knowledge Market One
does not have any equity interest in the securities of the company, or a right to acquire such an interest.
Market One operates as an arm's-length service provider to the Company.
All the above agreements are subject to TSX Venture Exchange approval.
All references to currency in this news release are to Canadian currency.
Mr. Larry Timlick, Director and Secretary of the Company stated: “Margaret Lake was taken public as a
diamond exploration company and we are now firmly back in that sector. We currently own an 18.5 %
interest in the Diagras diamond project located in the Northwest Territories, in conjunction with Arctic
Star Diamonds Inc. (TSXV:ADD) where recent exploration work has yielded promising results. The
Company has been somewhat inactive for a time and the diamond exploration industry has not attracted
much investor interest for the past several years, so we believe that in order for us to contribute to further
exploration and potentially increase our stake in Diagras, we need to raise the Company’s profile. We are
in the process of developing a brand new website and marketing materials which we hope will be
completed and rolled out shortly.”
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]
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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. 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.