Margaret Lake Diamonds Launches Private Placement to Fund Exploration

Margaret Lake Diamonds ( (TSE:DIA) ) has provided an announcement.

Margaret Lake Diamonds Inc. has announced a non-brokered private placement to raise up to $290,000 through the issuance of units comprising common shares and warrants. The proceeds will be used for exploration activities and general corporate purposes, with potential participation from insiders constituting a related party transaction. The private placement is subject to TSX Venture Exchange approval and includes a hold period for the securities issued.

More about Margaret Lake Diamonds

Margaret Lake Diamonds Inc. is a company operating in the diamond exploration industry, focusing on the discovery and development of diamond resources. The company is listed on the TSX Venture Exchange and other international markets.

YTD Price Performance: -31.25%

Average Trading Volume: 50,413

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: C$568.9K

Learn more about DIA stock on TipRanks’ Stock Analysis page.