Laurion Mineral Exploration Inc. V.LME

Alternate Symbol(s): LMEFF

Metals & Mining Gold

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.

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Laurion Mineral Exploration Inc. > Vote question

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Comment by goldenIon Aug 26, 2022 1:30pm

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Post# 34923019

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Vote question

Me too @matlas...

A private placement or share issue might be tough in the current environment. Many of the larger gold companies are down considerably from six months ago and I am not sure how their shareholders would feel about dilution at current levels...however it is certainly a possibility and if Equinox Gold could do it (maybe with a partner), I imagine they would be one of the more interested parties,

They have 500M in cash and equivalents, but with properties going into production right beside the Ishkoday they have spent a lot on the infrastructure (roads, equipment etc..) and would I think see the Ishkoday as an obvious acquisition target.

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