RE:RE:RE:Question for Dougie. Also, this is an excerpt from the Management Information Circular that was released before the AGM, dated Oct 13, 2023, on Sedar Plus.
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John Covello has been the Chief Executive Officer and the President of Covello Financial Group Inc. since March 2012. He is also affiliated with Tipi Financial for First Nations Pensions and benefits as well as the Director of Canadian Business Development for Metals House Inc. for procurement of precious metals. Mr. Covello has experience in raising strategic capital in many industries, including the mining industry, using global connections. He works closely with corporations and individuals to maximize tax efficiencies, profitability and protect their wealth. His business experience of over 25 years has provided him with a large network of relationships spanning multiple sectors. Mr. Covello is well versed in niche project financing, corporate legal work and negotiations, company administration and investor relations.
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And then here's the LME PR on Aug 24, 2023: LAURION Pays Financial Advisory Fee to US Capital Global
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...Pursuant to an agreement with a director of the Corporation, the fee payable to US Capital Global is recoverable by the Corporation if the Corporation does not secure a transaction to the Corporation’s satisfaction as a result of, arising from or related to an engagement of US Capital Global. This agreement constitutes a “related party transaction” for the Corporation pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The agreement is exempt from the formal valuation and minority shareholder approval requirements provided under MI 61-101 in accordance with section 5.5(a) and 5.7(1)(a) of MI 61- 101. The Corporation is relying on an exemption from the formal valuation and minority shareholder approval requirements of MI 61-101 available because the fair market value of the agreement does not exceed 25% of the Corporation’s market capitalization, as determined in accordance with MI 61-101.
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DouglasGVass wrote: On May 22, 2018 Metals house and LME formed a strategic partnership (see link below).
https://www.laurion.ca/_resources/news/2019%20NR/May22.pdf (Metals House and LME)
In October, 2018 Metals house engaged USCG as their exclusive financial advisor on capital formation. https://www.uscapglobal.com/news/capital-formation-for-global-precious-metals-company.html (Metals House and USCG)
In April, 2019 USCG Securities launches $150 million debt security offering for Metal House.
https://www.uscapglobal.com/news/investment-opportunity-in-usd-150-million-secured-gold-backed-debt-offering.html
In July 2019 USCG announces the strategic alliance between Metals house and LME
https://www.uscapglobal.com/news/metals-house-forms-strategic-alliance-with-laurion.html
On August 24, 2023 LME announces engagment with USCG
https://www.newswire.ca/news-releases/laurion-pays-financial-advisory-fee-to-us-capital-global-833535947.html
In October 2023 USCG announces plublicly their relationship with LME
https://uscapital.com/news/us-capital-global-engaged-by-laurion-mineral-exploration-as-strategic-advisor-on-capital-formation.html (USCG announces relationship with LME)