filings out, float 106k
Diamond Lake Minerals, Inc. (the "Company") was incorporated under the laws of the State of Utah on January 5, 1954 as Garden & Lawn Equipment Company. It changed its name to G & L Equipment Company in 1958, to G & L Energy, Inc. in 1982. Until 1999, the Company explored mining properties in Canada, but later abandoned that
business and its mining claims, sold or disposed of all of its assets, and was inactive with the Utah Division of Corporations (“Commission”) until the Company filed its Annual Report with the Commission in 1987, after which time the Company began looking for a new business purposes. Since at least 2005 and through 2015, the Company had been a shell company, looking for business opportunities and potential acquisitions or reverse acquisition candidates.
Through a reverse acquisition in November 2016, the Company acquired all of the membership interests in Tioga Industries, LLC (“Tioga”), a Washington State limited liability company, whose business operations consists of contract sales of aggregates and scoria, and custom crushing of the same for the oil and gas industry and general construction projects, primarily in the states of North Dakota, Montana, Washington and Oregon. The Company’s current business operations are through its wholly owned subsidiaries, Tioga and Production Consulting.
In December 2017, DLMI acquired 50.1% ownership of Production Consulting, LLC. Production Consulting owns and operates a development property near Billings, Montana. Production consulting also owns a glass installation business in Phoenix, Arizona under the name J26 Advisors, LLC. This company was acquired by Production Consulting, LLC on February 1, 2018.
Officers:
Jerry Morrell—CEO and Vice President, Director. Mr. Morrell was raised on a farm and ranch in Colorado and continued farming and ranching until 2000. He worked in oilfield construction and the trucking industry in Wyoming from 2000 to 2008. From 2008 to 2015 he worked in the Bakken oil and gas fields in North Dakota, and as of 2015 was operations manager of an oilfield construction company with over 200 employees and $50,000,000 in annual sales. From 2015 to the present, Mr. Morrell has been the majority owner of Production Consulting, LLC., currently building out a 220-acre development in Billings, Montana, which will have a total of 195 houses on the property when completed. Construction has commenced on infrastructure, including roads, water and utilities. The final plat is expected to be filed by fall 2018 and lots will be available for sale at that time. As Vice President of the Company, he provides technical and operational support to the Company and its Board of Directors.
Shares Held: 3,000,000 held. Percentage Interest: 64%
Emil Sciarretta—President, Director. Mr. Sciarretta founded Tioga Industries LLC in May 2011 as Bakken oil field opportunities were getting under way in North Dakota. He has been in the construction industry since 1978, where he began selling construction and mining equipment in California, until he moved his family to Seattle in the late 80's to participate in the building boom the city was experiencing. In 1995 he established JESCO Aggregates
Services, a contract sales company, servicing the greater Seattle area. As President and principal financial officer of the Company, he manages business development and sales of construction aggregate, including sand and gravel products, and scoria for the oil and gas industries, and intends to build a diverse base of companies in mining, construction, and real estate development.
Shares Held: 1,340,956 shares held. Percentage Interest: 29%
