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Laurion Mineral Exploration Inc. V.LME

Alternate Symbol(s):  LMEFF

Laurion Mineral Exploration Inc. is a Canada-based mid-stage junior exploration and development company. The Company is engaged in the acquisition, exploration and development of Canadian gold and base metal mineral resource properties. It is focused primarily on its wholly owned 57.43 square kilometers (km2) (14,191 acres) flagship brownfield, Ishkoday Gold and Polymetallic Project, located 220 kilometers (km) North-East of Thunder Bay, Ontario, Canada. Its Ishkoday is situated in the Onaman-Tashota Greenstone Camp in the Irwin, Walters, Elmhirst and Pifher Townships located 25 km northeast of the Town of Beardmore, Ontario and 220 km northeast of Thunder Bay, Ontario. It holds a 100% interest in Brenbar, which consists of two mining leases covering 255 hectares contiguous and to the west of Ishkoday. It has a 100% interest in the Jubilee-Elmhirst, Beaurox and Twin Falls property. The Company also owns a 30% joint venture interest and Canadian Gold Miner Corp.


TSXV:LME - Post by User

Comment by matlason Jun 16, 2022 4:05pm
331 Views
Post# 34762544

RE:RE:RE:RE:RE:CEO Exercising Options - BUYOUT must be imminent!!

RE:RE:RE:RE:RE:CEO Exercising Options - BUYOUT must be imminent!!Obviously, I am not privy to her personal affairs, so I cannot say for sure.

All I can say is that it is UNLIKELY that tax was a driving factor.

If I had to guess, I would think most likely reasons are as follows:

1) To send a positive message to "the street" and other shareholders-if that was the reason, it sure seems to have worked, or

2) To tidy up or simplify for the ultimate BO in the sense that the buyer does not have to factor in an amount for having LME pay an amount to her to cancel her options, or something similar.

But, whatever the true reason is, it is hard for me to believe that she would make a move like that if she didn't think that ultimate BO was going to happen in not too distant future
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