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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 Smitty64on Sep 20, 2023 11:46am
296 Views
Post# 35645450

RE:Key Dates + Koolaid

RE:Key Dates + KoolaidThanks for the feedback. This is why I asked others to chime in. Below is more concise: 

So it seems:
  • There is some incentive ( 1m/260m ) to have the stock price increase before Sept 27th
  • There is incentive to have the sale finalized before EOY to avoid capital gains that could equate to multiple millions of dollars
  • The money they raised has to be used for exploration before EOY
  • Potentially no AGM if Plan of Arrangement is approved
  • Financial Advisory fee paid to U.S Capital Global was announced on Aug 24th. Still puts Sept 27th (4.5 weeks) right in the sweet spot of the below case study timelines:
Kirkland Gold: FA hire: Aug 15 | BO announcement: Sept 28th
Premier Gold: FA hire:Oct 27 | BO announcement: Dec 16th
Great Bear: FA hire: Nov 14 | BO announcement: Dec 8th

[Premier Gold being the longest gap at 6.5 weeks and GBR being the shortest at 3 weeks]

Any other factors that should be considered?

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