Margaret Lake Diamonds Inc. Announces Postponement of Annual General Meeting
Margaret Lake Diamonds Inc. Announces Postponement of Annual General Meeting
Vancouver, British Columbia May 14, 2021 - Margaret Lake Diamonds Inc. (the “Corporation”)
(TSXV:DIA) (FKT:M85) (OTCPINK:DDIAF) is announcing that its annual general meeting of
shareholders (the “Meeting”) was postponed today due to its increased concerns related to the spread
of the COVID-19 virus after learning that a number of its shareholders desire to attend the Meeting in
person. The Corporation previously secured a small venue at which to host the Meeting however, after
learning that a number of shareholders desire to attend the Meeting in person , the Corporation
determined that in order to mitigate the potential risks to the health and safety of its shareholders,
employees, communities and other stakeholders and based on government orders to avoid large indoor
gatherings, it was necessary to postpone the Meeting and secure a more suitable meeting location that
will allow for a greater number of individuals to attend the Mee ting in person while following
physically distancing guidelines . Further details regarding the new meeting venue and the time and
date of the postponed meeting will be provided in a subsequent news release.
Concurrently, the Corporation announced the adop tion by its Board effective May 13, 2021, of an
advance notice policy regarding the nomination of directors (the “Advance Notice Policy”). The
Advance Notice Policy was adopted to reflect the latest developments and shareholder expectations as
to good corp orate governance. The Advance Notice Policy provides a clear process and fixed
deadlines for shareholders to follow for director nominations and sets out a reasonable time frame for
the submissions of nominees and the information that a shareholder must include in the notice in order
for it to be valid. The Advance Notice Pol icy is similar to advance notice policies adopted by other
Canadian public companies and will help to ensure that all shareholders receive adequate notice of the
nominations to be considered at a meeting and can thereby exercise their votes in an informed manner.
In the case of an annual meeting of shareholders (including an annual and special meeting), notice to
the Corporation must be given not less than 30 or more than 50 days prior to the date of the annual
meeting. In the event that the annual meeting (or annual and special meeting as the case may be) is to
be held on a date that is less than 50 days after the date on which the first public announcement of the
date of the annual me eting was made, notice may be given not later than the close of business on the
10th day following such public announcement.
The Advance Notice Policy is effective immediately and will be submitted to shareholders for
confirmation and ratification at the postponed Meeting. The Corporation will send out a supplement to
the Management Information Circular dated April 6, 2021 , which will provide further details
regarding the Advance Notice Policy and the resolution that shareholders will be asked to approve
adopting the Advance Notice Policy.
Contact Information
Neil Foran
Chief Executive Officer
(604) 681-7735
Cautionary Statements
This news release contains certain statements or disclosures relating to the Corporation th at are based
on the expectations of its management as well as assumptions made by and information currently
available to the Corporation which may constitute forward -looking statements or information
(“forward-looking statements”) under applicable securiti es laws. All such statements and disclosures,
other than those of historical fact, which address activities, events, outcomes, results or developments
that the Corporation anticipates or expects may, could or will occur in the future (in whole or in part)
should be considered forward -looking statements. In some cases, forward -looking statements can be
identified by the use of the words “anticipate”, “will”, “expected”, “continues”, “future”,
“opportunity”, “believe” and similar expressions. In particular, but without limiting the foregoing, this
news release contains forward -looking statements relating to the postponed Meeting and shareholder
confirmation of the Advance Notice Policy. The forward -looking statements included in this news
release are not guarantees of future performance and should not be unduly relied upon. Such forward -
looking statements involve known and unknown risks, uncertainties and other factors that may cause
actual results or events to differ materially from those anticipated in such f orward-looking statements
including, without limitation: general economic, market and business conditions, including in light of
the COVID -19 pandemic; and certain other risks detailed from time to time in the Corporation’s
public disclosure documents. Readers are cautioned that the foregoing list of factors is not exhaustive
and are cautioned not to place undue reliance on these forward-looking statements.
The forward-looking statements contained in this news release are made as of the date hereof and the
Corporation undertakes no obligations to update publicly or revise any forward -looking statements,
whether as a result of new information, future events or otherwise, unless so required by applicable
securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
polices of the TSX Venture Exchange) has in any way passed upon the merits of the Transaction and
associated transactions and neither of the foregoing entities accepts responsibility for the adequacy or
accuracy of this release or has in any way approved or disapproved of the contents of this press
release.