Gabo Mining Ltd V.MDL

Metals & Mining Industrial Metals & Minerals

Medallion Resources Ltd. is focused on mid-stream separation and purification of rare earth oxides and salts (REOs) based on Ligand Assisted Displacement (LAD) Chromatography, enablement of upstream processing using the Company’s proprietary Medallion Monazite Process (MMP) technology, and marketing of magnetic REOs (neodymium, praseodymium, dysprosium, and terbium) to downstream rare earth permanent magnet producers and consumers. It has developed a process and business model for extraction of rare earth elements from monazite, which is a phosphate mineral that is a common by-product of heavy mineral sand operations. The Company holds exclusive rights to the patented LAD Chromatography rare earth element (REE) separation process developed to separate minerals from all raw material feed stocks excluding coal sources and recycled materials from manufacturing wastes and recyclates from battery and magnet sources. It is investing in the development of LAD Chromatography.

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Gabo Mining Ltd > Ok ok

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Comment by gnote1on Jun 14, 2022 5:49pm

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Post# 34756488

RE:Ok ok

Paperwork to Nasdaq has been submitted, a public offereing of 2 million shares at $5.00 US /share has been submitted.

Here is the Nasdaq link if you care to read it all,

https://secfilings.nasdaq.com/filingFrameset.asp?FilingID=15813132&View=html

Seems everything is moving along for the reverse, the Nasdaq listing and the financing and leadership changes following.
Will the financing of 2 million @ %.00 US (6.48 CDN today) shares and warrants be filled is anyones guess, but I would bet on it!

Reverse Split info (looks to me to be 45 to 1)

Common Shares outstanding prior to this offering		70,194,437 ([1,559,877] following the Reverse Split).

Common Shares to be outstanding after this offering		[3,559,877] shares (or [3,859,877] shares if the underwriters exercise their over-allotment option to purchase additional Common Shares in full).