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Orford Mining Corporation is a Canada-based gold and critical mineral explorer focused on highly prospective and underexplored areas of Northern Quebec. The Company’s principal assets are the Qiqavik, West Raglan and lithium exploration projects comprising a land package totaling approximately 168,336 hectares in the Cape Smith Belt of Northern Quebec. The Qiqavik Project hosts several new high... see more

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Orford Mining Corp > BENEFITS TO ORFORD SHAREHOLDERS

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Post by Betteryear2 on Jan 15, 2024 11:13am

BENEFITS TO ORFORD SHAREHOLDERS

Opportunity for Orford Shareholders to realize a meaningful and immediate premium:
- Approximately 134% premium based on the 20-day volume weighted average price of Orford Shares (based on trading on all Canadian exchanges) for the period ending on January 12, 2024; and
- Approximately 114% premium to the closing price of Orford Shares on the TSXV on January 12, 2024.
Option to retain shares in Alamos, which is a premier, low-risk North America focused intermediate gold producer with a portfolio of high-quality mines and development assets, a strong balance sheet, a fully funded growth profile and a demonstrated history of returning capital to shareholders.
Access to Alamos's strong balance sheet, robust free cash flow generation and technical expertise to accelerate the advancement of Orford's portfolio of properties (including Qiqavik, Joutel Eagle, Nunavik Lithium and West Raglan (Exhibit 1 and 2)).
In addition, Alamos Shares are listed on the Toronto Stock Exchange ("TSX") and the New York Stock Exchange ("NYSE") and provide significant trading liquidity.