Bullboard - Stock Discussion Forum Laurion Mineral Exploration Inc. V.LME

Alternate Symbol(s): LMEFF

Metals & Mining Gold

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... see more

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Laurion Mineral Exploration Inc. > Doug, Buyout/closing Question???

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Post by CharlieBaba13 on Jul 28, 2024 8:00pm

Doug, Buyout/closing Question???

Hey Doug.

Once a deal is announced, how long is the closing period?

Is it like one week or something short? Or more like 2-3 months.

Also, will it be American or Canadian?

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Comment by Wmaver on Jul 28, 2024 8:02pm

Not Doug, but the last 4 deals closed in months not weeks.

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Comment by Wmaver on Jul 28, 2024 8:06pm

The PR will go out, TSX will give its approval to move.forward. info will be mailed out, there will be a shareholder meeting to vote. Some more.random things will be done. Again months not weeks.

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Comment by Wmaver on Jul 28, 2024 8:08pm

Oh also, for a vote to happen, the info has ro be mailed out at a minimum of 21 days before the vote is to happen!

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Comment by CharlieBaba13 on Jul 28, 2024 8:47pm

Thanks Wmaver, So it could be a 30, 60 or 90 day type timeline. I assume the timeline will be announced when the deal is. so you know of any recent Canadian deals and their closing timelines? have there been any announced deals that have fallen through in recent Canadian history?

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Comment by Wmaver on Jul 28, 2024 8:52pm

30 would be one the extreme short side. GBR is a recent one. Lol you should type that question into goggle.... lol get the jnfo from the horses mouth!

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Comment by CharlieBaba13 on Jul 28, 2024 9:24pm

I get lost in the weeds when I google. Was hoping one of you more knowledgeable posters could help me out. ...I just googled the Osinio deal. It was announced Feb 25th for $1.90 to a Chinese company. It's now 5 months later, the deal isn't complete and the stock is currently trading at $1.30/share. (45% below the already announced sell price). I must be missing something ...more

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Comment by Wmaver on Jul 28, 2024 9:32pm

Just googled Osinio to. To me looks like was 1.4 in Feb and has jumped 1.8 current.

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Comment by CharlieBaba13 on Jul 28, 2024 9:48pm

I stand corrected, Google shows it at 1.80 which makes more sense. Yahoo finance has it at 1.30. ...must be the American exchange. ...doesn't specifiy

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Comment by Wmaver on Jul 28, 2024 10:03pm

Looks like Osinio, should complete around Sep / Oct. So about 8 months. Although I hear Chinese gov can be hinder deals. As they have already been through 3 different approvals. Let's hope we are not bought by a something based out of China!

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