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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 Jul 14, 2023 8:17am
237 Views
Post# 35540801

RE:To those that are posting for views and likes

RE:To those that are posting for views and likes Thanks DAM$-allow me to echo everyone's compiments and gratitude regarding your post.

So, if we assume that we are still going to have the drilling as you suggest, I think the big question is how does that fit into the timing of a BO.

I think we would all agree that a BO can happen any time. That was always the assumption, and there is no reason to change that.  Even you, in your email, imply that when you write "it will happen buyout or not". This implies that the drilling (and presumably waiting for results) is not necessarily a pre-requisite for a BO. Various corporate communication with LME and Cynthia also implies that BO can be at any time, and shareholders are warned of that.

However, if we take a worse case scenario and say they wait for the results to finalizr a deall because of pricing issues,  I think reasonable estimate might  by end of September mid-October.

This still fits in to being able to close by end of 2023, which, as I have previously posted, can be preferable for tax reasons, particularly for holders of large quantities of shares such as Cynthia, Roger, and the LME Board,

Hopefully, they will be motivated to achieve that. We don't want this hanging over into 2024.
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