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.

TSXV:LME - Post by User

Laurion Mineral Exploration Inc. > Financial Advisor

<< Previous

Bullboard Posts

Next >>

Comment by keen2knowon Sep 25, 2023 3:37pm

214 Views

Post# 35653038

RE:RE:Financial Advisor

The information we have indicates there was an offer made higher than 43c. If an offer was made, why was a special committee not formed at that point to make an independent decision? Were LME in a position themselves to accept or reject this offer without a special committee in place?

Would it not be compulsory for LME to let the shareholders know if an offer had been made?

Could this have been -
1/ because the offer was so low that it was laughed away instantly

2/ because the offer wasn't official

3/ it came out of the blue and didn't allow time to form a special committee?

4/ the offer was withdrawn quickly?

5/ it never happened?

There will be other scenarios which others will come up with too but I'm interested to hear others thoughts?