Completion of BAM Mineral Rights Acquisition
Landore Resources completes acquisition of additional mineral claims adjacent to BAM Gold Project in Ontario.
Select text to share a quote on X · sign in to keep highlights & notes in your LND notes
London, United Kingdom - 25 April 2025 - Landore Resources Limited (AIM: LND) ("Landore Resources" or the "Company"), is pleased to confirm completion of the acquisition by its subsidiary, Landore Resources Canada, Inc., of a series of additional mineral claims adjacent to its existing flagship BAM Gold Project area at its Junior Lake Property, Ontario, Canada, further to its announcement on 26 March 2025.
The Company further notes that, in order to maximise tax efficiency for the group, the transaction structure was slightly amended such that rather than acquiring the British Columbia based holding company, 1491205 B.C. Ltd ("149 Corp"), the BAM Extensions were instead acquired directly from the vendor.
All other terms of the acquisition remain unaltered.
Unless otherwise defined herein, all defined terms used in this announcement have the meanings ascribed to them in the Company's announcement of 26 March 2025.
Landore Resources Investor Hub
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.