Margaret Lake Diamonds closes oversubscribed non-brokered private placement

October 25, 2016

On October 25, 2016, Margaret Lake Diamonds Inc. (TSXV: DIA) (FSE: M85) announced the oversubscribed closing of its previously announced non-brokered private placement of units for aggregate gross proceeds of $785,000.

Margaret Lake Diamonds is a diamond exploration company focused on the Northwest Territories.

Rory Godinho and Brian Fast of Miller Thomson advised Margaret Lake Diamonds with respect to this transaction.