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Margaret Lake Diamonds Inc. Announces Conversion of Promissory Note
Apr. 23, 2015 04:03AM PST
Diamond InvestingMargaret Lake Diamonds Inc.(TSXV:DIA) announced that Paul Brockington, President, Chief Executive Officer and a Director of the Company has converted the promissory note held by him into units of the Company at a conversion price of $0.10 per Unit.
Margaret Lake Diamonds Inc. (TSXV:DIA) announced that Paul Brockington, President, Chief Executive Officer and a Director of the Company has converted the promissory note held by him into units of the Company at a conversion price of $0.10 per Unit.
As quoted in the market news,
Each Unit is comprised of one common share of the Company and one half share purchase warrant, with each such whole warrant being exercisable into one common share of the Company for a period of two years at an exercise price of $0.25.
Click here for the full Margaret Lake Diamonds Inc.(TSXV:DIA) press release
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