Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 ahsineegon Oct 05, 2023 8:35am
159 Views
Post# 35670607

RE:RE:Nearby mine which sold

RE:RE:Nearby mine which soldHere is my post about the timeline of the aquisition: https://stockhouse.com/companies/bullboard?symbol=v.lme&postid=35634256

Here is an article talking more about the deal: https://www.mining.com/equinox-to-buy-premier-gold-in-480-million-all-stock-deal/

Here's the NR about selling the 50% stake in the mine: https://s3.amazonaws.com/centerragold/news/December2020/MxDnEWEFD9ZpyDyat7Dj.pdf

The thing to remember about the deal is the it was COMPLICATED.  Many partners involved and multiple properties.  This deal invovled a partner selling their stake in the project, and equity financing, and a spin-out of other assets into a new company owned by existing shareholders.

LME on the otherhand is 100% owned, free of debt, and 80% owned by insiders, friends and family.  A much EASIER company situation to be able to execute a transaction that maximizes shareholder value.




<< Previous
Bullboard Posts
Next >>