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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 Malakas1on Feb 01, 2024 11:37am
364 Views
Post# 35857185

What Happens?

What Happens?

Tons of talk about when/how and other speculating about MRE's etc.  But for a someone new at this like myself, in the event of a buyout what actually happens?  Other than the basics of 'we get paid'.  What's the process?  Do shares get frozen?  Is there a specific date shares must have been owned by?  How long does it usually take to be credited from the buyout announcement to being credited?  How do you get credited (I'm assuming the shares in your trading account turn into cash?).

Also, for those of us not on the TSX and trading LMEFF on OTC in America, will those shares be treated or paid out any differently than traditional LME shares?  

Not new to trading, just new to this process as a whole that will hopefully happen and looking for the road map from OG's that have been through this before from start to finish.  Thanks.  

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