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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 fatlason Sep 17, 2023 10:02pm
212 Views
Post# 35640694

RE:RE:The AGM?

RE:RE:The AGM?

I believe there are a lot of steps in between someone expressing interest in acquiring a public company and making an offer that needs to go to the shareholders for a vote. I don't know exactly what they are - but they are absolutely known to the people involved in either side of an acquisition - and with them being known - assuming the parties are working well towards a deal - I would say they the timing of them is controllable. Once they hit the point of having to disclose though - once those conditions are met and/or those things are done - your disclosure requirements are immediate. 


It's been discussed on here before that public companies have 15 months after their last AGM to have their subsequent one - so I don't think delayed is the best word - but later than last year?!  That works. 

Personally - I don't think it's that hard to understand why. This is a company purpose built to explore, develop and dispose of the Ishkoday property (their words) - and expectations are that they will succeed. If I had to face my shareholders I'd want all the time o could get to deliver on each of these items.

We now know that they have received at least one offer - my guess is that it was in play last year and expected to close. Except it didn't. Stuff happens I guess. Maybe one day we'll know what happened. But we do know that whatever mineralization was on the property last year - is still there - we know that every single share the people who know the most own is still owned today - none sold at all - we know their objectives haven't changed and we know that the team assembled to realize all three objectives - including a transaction has never been broader, stronger, more diverse or more on point - specifically on the transaction side. All great things - no matter when the AGM is. 

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