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.

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Laurion Mineral Exploration Inc. > New Press Release - Laurion Announces Proposed Non-Brokered Private Placement Of Flow-Through Shares

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Comment by Jdsocialson Apr 11, 2024 7:16am

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Post# 35982783

RE:RE:RE:RE:RE:RE:RE:RE:New Press Release - Laurion Announces Proposed Non-Brokered Private Placement Of Flow-Through Shares

You're solely focusing on the dilution aspect and the negative side of this. Money in the bank provids strength, and positions us more positively toward the end goal.
Strength = buyout.
More strength = bigger buyout (potentially).
So yes - your point is true IF LME sells for 3Bill no matter what. But, if more strength brings that number up it doesn't matter, and I'm all for it.

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