Laurion Mineral Exploration Inc. V.LME

New Press Release - LAURION Acquires the Twin Falls Orogenic Occurrence Contiguous to Ishkoday Project

TORONTO, Oct. 11, 2023 /CNW/ - LAURION Mineral Exploration Inc. (TSXV: LME) and (OTCPINK: LMEFF) ("LAURION" or the "Corporation") is very pleased to announce that it has expanded its flagship Ishkoday Project by acquiring mineral exploration claims (the "Acquisition") by way of a purchase...read article.

[Wmaver]

So THAT is what the special committee and USg finicial was for.... Purchasing more land and exploration rights.... Lol so much for a BO this year!

[Primpage]

I share the same opinion as you. But it doesn't make sense, pay $250,000 fee to USGC to purchase a $100,000 piece of property? 

[Mattheu11]

Agreed...believe this enhances and is part of the end goal. Your not taking on the 250 us for this transaction. End goal in sight 

[Wmaver]

It's not like the 250,000 retainer fee is expended all at once. Not saying the only reason the firm was brought on board. After a few drilling seasons on the new land, I a  Sure USCG will still be in place to help with the BO.

[matlas]

Also, Cynthia does not need any advisor for this type of transaction. She has done them before, and is fully capable of handling herself.

[StevenHunter]

The purchase of the Twin Falls property and the engagement with USCG have ZERO intersection.  None.  The acquisition was approved by the Board but the Special Committee was not involved in any way. These are 2 entirely separate and unique transactions/potential transactions. Hope that helps, Steve

[matlas]

I seriously doubt that Wmaver. You dont set-up a Special Committee and hire an investment advisor for something like this.

[DAM$]

No, I do not believe that they spent $250000 for Global to work out this deal   One key point of forming a Special Committee and hiring the Financial Advisor is that it is done by the target company not by the buyer. So it would be the unnamed company we just bought that would have needed the SC & FA if they have shareholders.  I'm still drinking Koolaid and planning on a

[StevenHunter]

Talked to Cynthia about this last night.   She's had her eye on this parcel for some time but hasn't been able to get a real look at it until this prospecting season.   Yes, she knows and works with the owner but there is one reason for this purchase and that is that Cynthia believes the geology is analogous with the Ishkoday and improves the mineralization of the packaged

[Primpage]

Steve, if she knows and works with the owner, are you able to share who the seller was of this little piece that we just bought?