Leagold Mining Corp LMCNF

Metals & Mining Industrial Metals & Minerals

Leagold Mining Corp is an exploration stage company. It is engaged in the acquisition of gold mining operations and advanced-stage development projects with a focus on Latin America. It has four operating mines namely, Los Filos Mine; RDM Mine; Fazenda Mine; and Pilar Mine. The firm operates in two geographic locations: Mexico and Brazil.

OTCQX:LMCNF - Post by User

Leagold Mining Corp > why is this still trading up?

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Comment by pppon Dec 17, 2019 7:37pm

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Post# 30466259

RE:why is this still trading up?

Pursuant to the transaction, Leagold shareholders will receive 0.331 of an Equinox Gold share for each Leagold share held. This implies at-market consideration of $2.70 per Leagold common share, using closing prices for both Equinox Gold and Leagold common shares on the Toronto Stock Exchange on Dec. 13, 2019.

As the Eqinox shares move up we move up also as we are worth .331 of their shares.

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Geologica Resource: Polymetallic upside at a depressed price