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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

Comment by Smitty64on Nov 17, 2024 3:41pm
124 Views
Post# 36317268

RE:RE:RE:Positive Thoughts and Research

RE:RE:RE:Positive Thoughts and ResearchLet's not forget they completed TWO rounds of due diligence. With the 2nd round completion announced in the August PR. So I think timing could look like this:

Organization(4 - 8 Weeks) • Review strategy and timing • Advisor due diligence • Prepare teaser and memorandum • Finalize financial model • Finalize buyer/investor list - AUGUST 2024 PR

Marketing(5 - 7 Weeks) • Contact buyers/ investors, send out
teaser and NDA • Provide memorandum • Prepare manage-ment presentation - OCTOBER 2024 (date noted on the presenation)

Solicit Initial Indications(2 - 3 Weeks) Solicit initial indications of
interest • Enter second round discussions and select parties for management meetings • Answer follow-up questions - EARLY NOVEMBER 2024
 

Diligence(4 - 6 Weeks) Hold management presentations Provide access to data room • Formalized process for additional diligence requests - Begin detailed business, financial, legal, tax and accounting due diligence - BY END OF 2024
 

Solicit Detailed Bids(2 - 3 Weeks) • Evaluate and negotiate by playing interested LLP parties against each other • Choose best options • Draft purchase agreement and related documents - END OF JAN 2025

Final Negotiations (M&A Strategy) • Confirmatory due diligence • Final contract negotiations and documentation • Close and announce transaction - FEB 2025

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