Landore Resources passes "very important milestone" on journey to dual listing
September 22, 2023 at 09:08 am
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Landore Resources Ltd (AIM:LND) CEO Claude Lemasson speaks to Thomas Warner from Proactive after the mining exploration and development firm announced it has been approved by the TSX Venture Exchange to list ordinary shares, subject to fulfilling certain pre-conditions. Lemasson describes it a very important milestone, and says that most of the remaining conditions are "administrative in nature."
He adds that one of the outstanding conditions relates to a fundraise tied to the listing and hopes to have met all the requirements by the end of October. Lemasson emphasises that floating on the TSX-V will not replace the company's London listing but add to it, and allow North American and Canadian investors easier access to the firm's shares.
Post-listing, the Landore's primary focus will be on advancing the BAM Gold Project in northern Ontario. This involves a drilling campaign on the BAM deposit, leading to a revised resource estimate and a subsequent pre-feasibility study. Lemasson, who has been CEO since the summer, expresses satisfaction with the project and the team, highlighting new hires in Toronto and increased company exposure.
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Proactive UK Ltd
+44 20 7989 0813
uk@proactiveinvestors.com
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Landore Resources Limited is a Canada-based exploration and development company. The Company is engaged in the acquisition, exploration and development of precious, base and battery metals projects in eastern Canada. The Company is primarily focused on the development of its 100% owned BAM Gold Project, located on the Junior Lake Property. The Junior Lake Property consists of 30,507 hectares and is located in Northwestern Ontario, in the province of Ontario, Canada, approximately 235 kilometers north-northeast of Thunder Bay. It is host to the BAM Gold Deposit; the B4-7 Nickel-Copper-Cobalt-Platinum-Palladium-Gold Deposit; the VW Nickel-Copper-Cobalt Deposit; Lamaune Gold Prospect; the Lamaune Iron Prospect and numerous other precious and base metal occurrences. Its Canada properties include Junior Lake, Miminiska Lake, Lessard and Seeley Lake. Its United States properties include Hiho, Charley, Cimarron, Vindicator, Chem, Iowa High, Spruce Mountain and Wildhorse Canyon.