RE:September presentation now availableFrom the interim financial statement April 30, 2023 Page 12:
In November 2022, the Company sold 1,824 claims to a subsidiary of Sayona Mining Limited (“Sayona”) for consideration of 184,331,797 ordinary shares of Sayona issued at a price of $0.217 per share for an aggregate value of $40,000,000. The Company incurred costs of $352,701 in relation to this transaction resulting in a gain from the sale of mineral claims of $nil and $39,647,299 for the three and nine months ended April 30, 2023 respectively. During the three and nine months ended April 30, 2023, the Company sold 39,361,600 and 59,600,000 of these shares for net proceeds of $7,704,655 and $11,627,699 and recognized a loss on sale of investments of $836,812 and $1,305,501 respectively. At April 30, 2023, the balance of shares was remeasured at a fair market value of $22,371,895 based on the market price on that date, recording an unrealized loss of $9,195,330 and $4,694,905 for the three and nine months ended April 30, 2023.
More than half of the Sayona shares were sold until April 30, let's see what will be disclosed in the next quarterly statement.