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Luca Mining Corp V.LUCA

Alternate Symbol(s):  LUCMF

Luca Mining Corp. is a diversified Canadian mining company with two 100%-owned producing mines in Mexico. It produces gold, silver, zinc, copper and lead from these mines that each have considerable development and resource upside. Its operations include Tahuehueto and Campo Morado. Tahuehueto project is in the northwest portion of the state of Durango, about 250 kilometers (km) northwest of Durango, the state capital, and 160 km northeast of the city of Culiacan, Sinaloa. The project is located about 25 km north of the Topia polymetallic-silver mine, 40 km northwest of the La Cienega gold, silver, base metal mine, 85 km southwest of the Guanacevi silver district, 280 km southeast of the Palmarejo silver and gold mine, and 150 km northwest of the San Dimas mining district, notable for the Tayoltita silver and gold mine. Campo Morado is a polymetallic underground operation located in the state of Guerrero, Mexico. It produces copper-zinc-lead concentrates with precious metals credits.


TSXV:LUCA - Post by User

Comment by aberlangaon Jul 14, 2022 8:23pm
142 Views
Post# 34825656

RE:CTM1967

RE:CTM1967The June 27 Press Release indicates that Roberto Guzman filed a Form 45-102F1, Notice of Intention to Distribute Securities under Section 2.8 of NI 45-102 "Resale of Securities" of 50M ATLY shares in a series of private transactions or through pre-arranged crosses through the facilities of the TSX Venture Exchange. It also indicates that the purpose of this share transfer is made to restructure RG real estate business in Mexico. In my opinion this restructure is the payment of strong liabilities of RG companies in Mexico with his ATLY shares. The creditors of RG will be the new shareholders in ATLY and are the ones who, in their case, would sell in the market, but I don’t think they do it in the current scenario, it is more likely that they wait for reach Tahuehueto to commercial production. The price could improve as ATLY meets its objectives and results or made substantial changes in his management. The good news is that RG will no longer be able to control and put its hands on ATLY operation. Regards
 

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