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VANCOUVER, BC / ACCESSWIRE / February 4, 2021 /
Margaret Lake Diamonds Inc. ( Margaret Lake or the Company ) (TSX.V:DIA)(FKT:M85) is pleased to announce the acquisition of the Old Nick Nickel-Cobalt project in Southern British Columbia as referenced in BC MINFILE 082ESW055 and the Letain Nickel-Cobalt project in North-Western British Columbia. Letain pictured in
Photo 1.
Acquisition Terms
Payments to the vendors, on a 50/50 basis , BC 1200059 Ltd. and BC 1258713 Ltd. as follows:
(i) $10,000 upon TSXV approval or 30 days from execution which ever may come sooner;
(ii) $10,000 90 days of TSXV approval;
(iii) $30,000 6 months of TSXV approval;
(iv) $300,000 prior to January 1, 2022;
(v) $400,000 prior to August 1, 2023;
Margaret Lake Announces Acquisition of Old Nick and Letain Nickel - Cobalt Properties, British Columbia theusnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theusnews.com Daily Mail and Mail on Sunday newspapers.