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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 Sep 14, 2022 3:39pm
277 Views
Post# 34962647

RE:RE:RE:Private Placement

RE:RE:RE:Private PlacementWith respect, I totallly disagree, at least within the context of the current situation.

It is not a win/win as you seem to imply.

LME does not need the money now, and it will never be "desperate".

Issuing shares from treasury dillutes the interest of the current shareholders.

When there is a buyout, it will be for $X and that will be split amongst all the o/s shares. By increasing the number of shares, the price per share goes down. 

You dont want to be selling shares for $1.05 if you think there will be a buyout in the horizon-you only do that if you really need the money, which they dont

In this case, the amount is relatively tiny, so not a big deal, but the fact remains that they must be doing it as a reward or favor for someone, because from the perspective of LME and its current shareholders, it does not make sense,
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