Margaret Lake Provides Corporate Updates
Margaret Lake Provides Corporate Updates
VANCOUVER, BRITISH COLUMBIA / May 14, 2020 / Margaret Lake Diamonds Inc. (TSX.V:
DIA / FKT: M85 / OTC: DDIAF) (the “Company” or “Margaret Lake”) is pleased to announce that
it has appointed two new directors, Jim Wiesenberg and Neil Foran.
Mr. Wiesenberg has extensive organization building and capital markets experience. He has
been responsible for forging strategic alliances with wireless broadband service providers and
manufacturers, as well as marketing Narrowband PCS licenses to the utility industry plus and
investment community. He has been a successful operator and developer of domestic wireless
spectrum ranging from 2 -40 GHz. Since 1990, he has co -founded five wireless transmission
companies and completed sales, including major market licenses at 2.5 GHz, to Clearwire and
another Sprint subsidiary, as well as 39 GHz rights for a quarter of the country to a concern that
was sold and now part of AT&T. In addition, he has provided advisory services in connection with
broadband wireless strategy, FCC auctions and license transactions independently and on behalf
of Cantor Fitzgerald Telecom. Previously he was director of corporate development for
Microband; vice president of marketing for The PlayCable Company; manager of market
development for Showtime; and has acted as general manager of Viacom Cable in Cleveland.
Mr. Wiesenberg has a bachelor’s degree from New York University and an MBA from Harvard
Business School.
Mr. Foran has been CFO of Margaret Lake since October 2019. Darryl Sittler and Buddy Doyle
have resigned as directors of the Company. The Company wishes to thank Mes srs. Doyle and
Sittler for their contributions.
The Company advises that the British Columbia Securities Commission issued a cease trade
order (“CTO”) in respect of the Company’s securities on May 6, 2020 because the Company
failed to file its interim financial report, Management Discussion and Analysis and related officer
certifications (the “Interim Financial Reports”) for period ended Feb 29, 2020.
This failure to file was due to a clerical error as the required Interim Financial Reports ha d all
been finalized and so the Company immediately filed same on May 7, 2020. The BCSC
acknowledged the filings and revoked the CTO on May 7, 2020.
About Margaret Lake
Margaret Lake Diamonds Inc. (TSX.V: DIA) is a Canadian technology and mineral explora tion
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 in the Northwest Territories of Canada.
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.