Laurion Mineral Exploration Inc. V.LME

USCG Update- Doug

[newbie8484]

Hi Doug,

Can you please provide an update on where we are at in the process with USCG?  Cynthia has mentioned twice now that they are getting close to the end of whatever they were doing ( this was months ago) but it never seems to get addressed when asked.

Thanks Doug,

[GoldenBull999]

I can bet the answer will be the same. They ain't gonna tell us anything 

[GoldBelt]

They obviously CAN NOT tell us anything. Read the links in my previous post. But since many of you don't seem to research even when the information is provided I'll do it for you From https://iclg.com/practice-areas/mergers-and-acquisitions-laws-and-regulations/canada/amp I highly recommend you read the ENTIRETY of this link. It'll clear up a lot of questions and confusion you

[DouglasGVass]

They have completed the due diligence process. That's all I know. Wish I knew more but it's all being kept "tight hole" and for good reason. When there is a material change Cynthia will notify the shareholders. 

[Primpage]

Great to hear! Thanks for sharing Doug. 

[Twiggie]

"completed the due diligence process" can someone explain to me what this could mean in simple terms. 

[Lambosntendies]

Step 7 is now complete... there are not very many steps left in the process...  A typical 10-step M&A deal process includes: 1. Develop an acquisition strategy – Developing a good acquisition strategy revolves around the acquirer having a clear idea of what they expect to gain from making the acquisition – what their business purpose is for acquiring the target company (e.g

[Smitty64]

Are we sure the due diligence by USCG was done in relation to a DEAL or done in relation to Laurion itself?

[GoldenBull999]

from usgc website, obviously they have their services split out between advisory and m&a so im not sure.  Due Diligence Services Using our unique Transaction Analysis™, we provide a due diligence punch list report driven by over 300 scored attributes. We serve our clients by applying a proven, analytic, and objective process for identifying the most relevant and high-value

[BidingTime]

Doug posted this back in Feb  https://stockhouse.com/companies/bullboard/v.lme/laurion-mineral-exploration-inc?postid=35905237 Seems definitive 

[Smitty64]

Do any of the case studies posted by ahsineeg or DAM$ where the formation of a special committee + hiring of a financial advisor was announced via a press release (the process from this announcement to buyout was shown to take around 1 year in the case studies), mention any timelines of due diligence completion vs. buyout etc in the plan of arrangements?  

[Timeandmoney]

Doug,   As per your message regarding USCG having completes thier due diligence, would this action be deemed material information ? If so should it be released formally via a PR from LME to assure that the full suite of stakeholders are aware of this action, rather than just via your comment on this forum? I remain an LME long and appreciate the work you are doing on this file.

[Wmaver]

There is no material change.  Where is the chainge in saying the company who started doing a review of LME, which has been stated public 2 or 3 times that it was nearing comlpetion.  has now completed the review. lol i do not see a material change!

[SuperJ7]

It does sound like pretty significant information based on the "typical 10-step M&A deal proces "    That step states that a deal has been "accepted".   Is this in fact that case?  I don't recall seeing that stated so clearly before. Do you?

[Wmaver]

It was also stated before that USCG was working on untangling and understanding the Ishkoday for their own due diligence on being ready IF or WHEN a deal was presented.  This could be step 0 in the M&A process.  Understanding what you have to sell and what it's worth is. Also the "typical" process you spoke of is for a company merger.... there could be and likely is a

[Wmaver]

This was posted about what USCG Due dillegence was. "USCG is our finanical advisor and their task is helping LME get to disposition through acquisition. They are working on understanding the Ishkoday, the LME team, the mineralization and the spider web of complicated moving parts that form Laurion." 

[GoldenBull999]

I feel like if we were at stage 0 there would be no special committee. They would have only formed that if there was a concrete  and plausible target(s) at the table already, so we should be further along the checklist for m&a.  I don't believe they had formed any other committee when the other offer that was declined popped up. Surely due diligence on lme to understand its value

[LeChefDor]

Agreed - who would pay another company 250k to simply understand the data room. Im sure that's a part of it, it's obvious that they would need to undertsand LME before conducting business on behalf of it, but surely theres a legit reason to bring them on. I believe I saw there was certain date by when the 250k will be refundable if USGC doesn't complete the job. Can they simply extend

[DouglasGVass]

Thank you! You are correct. There is no material change. The April 10th PR said this "Further to its news releases dated August 24, 2023 and November 14, 2023, LAURION is also pleased to announce that its strategic partnership with US Capital Global Partners LLC ("US Capital Global") is advancing smoothly, with the due diligence process on the Corporation and its activities

[KaBams]

Saying/amitting you had an ongoiing offer would be material info. That is couple of steps before said step 7.  Clearly he can't be meaning it in respect to the ten step process.  Why was the misleading stmt was release, without clarifying it has its own issue.  There formal ways a company notifies and accepted offer is on the table. This is not one of them.