RE:RE:RE:RE:RE:RE:First Nation taking Ontario to court over Mining Claims Here's the exact working from the MD&A
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Financial Advisory Engagement
On August 24, 2023, LAURION announced that it has paid a financial advisory fee to U.S. Capital Global Partners LLC “US Capital Global” in the amount of $250,000 USD. On August 23, 2023, LAURION agreed to pay the financial advisory fee to US Capital Global, with the expectation that this will assist LAURION and its recently formed special committee with continuing to explore opportunities and potential transactions
that may be strategically beneficial to LAURION and its stakeholders.
Headquartered in San Francisco, US Capital Global is a global, full-service private financial group with an established record in investment banking, asset management and capital formation services. The group provides sophisticated debt, equity and investment products to lower-middle-market companies and investors. Any securities that are offered by the group is done so through its FINRA (Financial Industry
Regulatory Authority)-member, SEC (United States Securities and Exchange Commission)-registered broker-dealer affiliate, U.S. Capital Global Securities LLC.
Since the announcement, US Capital Global has progressed to the latter stages of its due diligence review process. LAURION remains confident that US Capital Global is well-positioned to help identify and, if deemed appropriate by the special committee, unlock potential strategic alternatives and transactional opportunities for LAURION.
Pursuant to an agreement with a director of LAURION, the fee payable to US Capital Global is recoverable by LAURION if LAURION does not secure a transaction to LAURION’s satisfaction as a result of, arising from, or related to the engagement of US Capital Global by August 21, 2024. This agreement constitutes a related-party transaction for the Corporation pursuant to Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. The agreement is exempt from the formal valuation and
minority shareholder approval requirements provided under MI 61-101 in accordance with sections 5.5(a) and 5.7(1)(a) of MI 61-101. LAURION 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 LAURION's market capitalization, as determined in accordance with MI 61-
101.
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Smitty64 wrote: Hi Ahsineeg, is this confirmed? I was under the impression there was no deadline to the USCG engagement and that the contract was open-ended?
If there is a deadline of Aug 21st, they must be facing some pressure