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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

Post by DAM$on Nov 02, 2023 1:37pm
369 Views
Post# 35714051

Business as usual

Business as usual It’s business as usual until it isn’t. And one of LME’s usual business transactions is the flow through private placement every year in the September to November timeframe. The person that is buying this one also bought in the last four years so this is business as usual not a favour to family and friends. It is a benefit for LME that gets to put millions into the bank. The buyers are not being offered 2 1/2 million dollars worth of shares at a low price but are being offered shares with tax advantages that LME cannot use and are allowed to sell. 
There is no grace period required before announcing the BO as they can show that this is routine and until it’s sold; It Isn’t. I am very confident that there is a deal being negotiated currently but the person buying the flow through shares is speculating that this is a good investment just like the rest of us. 
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