Bullboard - Stock Discussion Forum Levon Resources Ltd (New) LVNVF

Metals & Mining Industrial Metals & Minerals

Levon Resources Ltd is a Mexico based company which is engaged in the mining business. The company is involved in silver, zinc, lead, and gold mining but majorly focuses on only silver mining. In terms of revenue, the organization receives more revenue from their Cordero project. The company restricts itself only in Mexico and does not exports.

Add To Watchlist

OTCQX:LVNVF - Post Discussion

Levon Resources Ltd (New) > What is This “MI 61-101” Clause All About?

View:

Post by MHonestInvestor on Jun 03, 2019 9:33am

What is This “MI 61-101” Clause All About?

Here is the clause: Levon is subject to Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (MI 61-101). MI 61-101 provides that, in certain circumstances, where a related party (as defined in MI 61-101) of an issuer is entitled to receive a collateral benefit (as defined in MI 61-101) in connection with an arrangement transaction such as the Arrangement, such transaction may be considered a business combination for the purposes of MI 61-101 and subject to minority shareholder approval requirements. Read more at https://stockhouse.com/news/press-releases/2019/05/30/discovery-metals-and-levon-resources-enter-into-arrangement-agreement#9D2YLXZ8dKdiquwW.99