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Loncor Gold Inc T.LN

Alternate Symbol(s):  LONCF

Loncor Gold Inc. is a Canadian gold exploration company. The Company is focused on projects within an approximately 480 square kilometers (km2) area on the Ngayu Greenstone Belt in the Northeast of The Democratic Republic of the Congo (the DRC). The area is located over 220 kilometers southwest of the Kibali gold mine, which is operated by Barrick Gold (Congo) SARL. It owns or controls a contiguous block of 46 exploration permits covering an area of over 13,000 km2 to the northwest of Lake Edward in North Kivu province. The Adumbi gold deposit is found within the Company’s 84.68% owned Imbo Project area. At the Imbo Project, the Adumbi deposit holds an indicated mineral resource of 1.88 million ounces of gold, and the Adumbi deposit and two neighboring deposits hold an inferred mineral resource of approximately 2.090 million ounces of gold with 84.68% of these resources being attributable to the Company.


TSX:LN - Post by User

Comment by nozzpackon Jan 13, 2022 7:43am
86 Views
Post# 34311620

RE:Financing has many options, if needed

RE:Financing has many options, if neededI am not quite sure that they need a financing.
Their Las financing in late July 2021 brought in $5.4 million.
They have 5.5 million warrants @$0.70 expiring in a matter of weeks, if not exercised
They have another 4 million warrants @$0.95 expiring in June 2022.

And they have 6 million options @$0.42 which are vested and exercisable .
I have no idea as to how many of these warrants and options that have been exercised since Sept 30/21.

We know that Barker intends to expand the shareholder base of which about 90 m shares are curently owned by management and insiders .

I doubt that Saudi Arabia presentation is directed towards small fry.

Every two months Barker will be presenting elsewhere around the globe.

What I do expect is a operational update soon..


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