Leviathan Gold Ltd V.LVX

Someplace in the LVX background ??

[Lineminer]

I believe that someplace in the background of the "SpinCo" by FSX - the exchange didn't see enough "arm's length" separation - maybe too many common officers of both companies / financing mixes of which only a "Philadelphia Lawyer" might understand !! and as a result escrows or tranches, tier1/tier2 status etc became listing conditions - quite frankly, I believe FSX are the culprits in this whole thing by the manner in which LVX was "created" ---- having said that - I believe Luke and team are moving forward in very committed, very transparent, very business like manner - I especially like the way in which they are getting small batches of drill core immediately to assay labs and posting results (and using immediate results for improved drill siting and geological understanding) - still a winner in my mind TAD - despite the trading frustrations !

[LionelHutz]

Your belief is speculation and is incorrect.  Escrow was always going to be part of the transaction.  Every TSXV listed issuer is assigned a Tier, depending on whether they meet the Tier requirements, which are available for everyone to see on the TSXV's website (see Policy 2.1 - Initial Listing Requirements).   If someone gets shares of a listed company without cash

[braindeadoldguy]

This post has been removed in accordance with Community Policy

[Lineminer]

Obviously - you know better than I in this instance, however, I've been around mining and exploration stocks for awhile - LVX is the SINGULAR / EXCEPTIONAL stock that I know to be designated Tier 2 !! If you know of another - show me the example - do not get me wrong - got a lot of faith in LVX - but the Spinco transaction as envisioned by Bryan - didn't seem acceptable to the TSX-V

[LionelHutz]

OK, for an example, how about Great Bear Royalties Corp?  Its a Tier 2 issuer. Go look at their news release dated March 31, first sentence.  However not the right comparison to LVX.  GB royalties did a rights offering (meaning selling to existing shareholders) for cash before listing, then did a non-offering prospectus.  FSX did not do a rights offering; the TSXV-listed shares

[Lineminer]

And I would be very pleased to know - how a tier 2 stock can move forward into a tier 1 status - $$$, PEA , NI 43 - 101 - or perhaps just the end of the "tranche"/escrow holds ??