Lahontan Provides Update On Transfer Of Victoria Gold Shares
Lahontan Gold Corp (TSXV:LG)(OTCQB:LGCXF) announced that the Ontario Superior Court of Justice has granted permission for Price Waterhouse Cooper (PwC), acting as Receiver, to proceed with the transfer of Victoria Gold Corp's common shares in Lahontan. The company has been coordinating with institutional and private investors to ensure an orderly transfer of these shares.
The transfer is expected to occur soon, which should help alleviate the overhang affecting Lahontan's equity investors. The company views this development as a significant step toward placing these shares with secure, long-term investors while continuing to focus on advancing the Santa Fe Mine towards production.
Lahontan Gold Corp (TSXV:LG)(OTCQB:LGCXF) ha annunciato che la Corte Superiore di Giustizia dell'Ontario ha autorizzato Price Waterhouse Cooper (PwC), in qualità di Curatore, a procedere con il trasferimento delle azioni ordinarie di Victoria Gold Corp in Lahontan. L'azienda sta collaborando con investitori istituzionali e privati per garantire un trasferimento ordinato di queste azioni.
Il trasferimento dovrebbe avvenire a breve, il che dovrebbe contribuire ad alleviare l'eccesso che influisce sugli investitori in azioni di Lahontan. L'azienda considera questo sviluppo come un passo significativo verso l'inserimento di queste azioni presso investitori sicuri e a lungo termine, continuando a concentrarsi sull'avanzamento della Miniera di Santa Fe verso la produzione.
Lahontan Gold Corp (TSXV:LG)(OTCQB:LGCXF) anunció que la Corte Superior de Justicia de Ontario ha otorgado permiso a Price Waterhouse Cooper (PwC), actuando como Administrador, para proceder con la transferencia de las acciones ordinarias de Victoria Gold Corp en Lahontan. La empresa ha estado coordinando con inversores institucionales y privados para asegurar una transferencia ordenada de estas acciones.
Se espera que la transferencia ocurra pronto, lo que debería ayudar a aliviar la presión sobre los inversores en acciones de Lahontan. La empresa considera este desarrollo un paso importante hacia la colocación de estas acciones con inversores seguros a largo plazo, mientras continúa enfocándose en avanzar en la Mina Santa Fe hacia la producción.
라혼탄 골드 Corp (TSXV:LG)(OTCQB:LGCXF)는 온타리오 고등법원이 수신자 역할을 하는 프라이스 워터하우스 쿠퍼(PwC)가 라혼탄 내 빅토리아 골드 Corp의 보통주를 이전할 수 있도록 허가했다고 발표했습니다. 회사는 이러한 주식의 순조로운 이전을 보장하기 위해 기관 및 개인 투자자와 협력하고 있습니다.
이전은 곧 이루어질 것으로 예상되며, 이는 라혼탄의 주식 투자자들에게 영향을 미치는 과잉 문제를 완화하는 데 도움이 될 것입니다. 회사는 이 개발을 이러한 주식을 안전하고 장기적인 투자자에게 배정하는 중요한 단계로 보고 있으며, Santa Fe 광산의 생산 진행에 계속 집중하고 있습니다.
Lahontan Gold Corp (TSXV:LG)(OTCQB:LGCXF) a annoncé que la Cour supérieure de justice de l'Ontario a accordé la permission à Price Waterhouse Cooper (PwC), agissant en tant que séquestre, de procéder au transfert des actions ordinaires de Victoria Gold Corp dans Lahontan. La société a été en coordination avec des investisseurs institutionnels et privés pour assurer un transfert ordonné de ces actions.
Le transfert devrait avoir lieu prochainement, ce qui devrait contribuer à atténuer la pression pesant sur les investisseurs en actions de Lahontan. La société considère ce développement comme une étape significative vers la placement de ces actions auprès d'investisseurs fiables et à long terme, tout en continuant à se concentrer sur le développement de la mine de Santa Fe vers la production.
Lahontan Gold Corp (TSXV:LG)(OTCQB:LGCXF) gab bekannt, dass das Ontario Superior Court of Justice Price Waterhouse Cooper (PwC) als Verwalter die Erlaubnis erteilt hat, die Stammaktien von Victoria Gold Corp in Lahontan zu übertragen. Das Unternehmen hat mit institutionellen und privaten Investoren zusammengearbeitet, um eine geordnete Übertragung dieser Aktien zu gewährleisten.
Die Übertragung wird voraussichtlich bald erfolgen, was dazu beitragen sollte, den Druck auf die Aktionäre von Lahontan zu verringern. Das Unternehmen betrachtet diese Entwicklung als einen bedeutenden Schritt, um diese Aktien an sichere und langfristige Investoren zu übertragen, während es weiterhin die Förderung der Santa Fe Mine in Richtung Produktion vorantreibt.
- Court approval received for transfer of Victoria Gold shares, potentially reducing market uncertainty
- Identified group of institutional and private investors ready for share transfer
- Expected reduction in share overhang that may have been pressuring stock price
- None.
TORONTO, ON / ACCESSWIRE / December 10, 2024 / Lahontan Gold Corp. (TSXV:LG)(OTCQB:LGCXF) (the " Company " or " Lahontan ") is pleased to announce that during a court hearing yesterday before the Ontario Superior Court of Justice, a judgement was issued allowing the Receiver, Price Waterhouse Cooper ("PwC") to proceed with the transfer of common shares of the Company that were previously held by Victoria Gold Corp ("the Victoria shares"), now under control of PwC. The Company has been in contact with a group of Lahontan institutional and private investors in order to facilitate an orderly transfer of the Victoria shares. The Company anticipates that the transfer will take place shortly, relieving an overhang on Lahontan equity investors.
Kimberly Ann, Lahontan Executive Chair, CEO, President, and Founder commented: "This is an important step towards placing the Victoria shares in the hands of secure, long-term investors. The Company looks forward to the resolution of this matter and moving on in executing our strategy of advancing the Santa Fe Mine towards production".
About Lahontan Gold Corp.
Lahontan Gold Corp. is a Canadian mine development and mineral exploration company that holds, through its US subsidiaries, four top-tier gold and silver exploration properties in the Walker Lane of mining friendly Nevada. Lahontan's flagship property, the 26.4km 2 Santa Fe Mine project, had past production of 356,000 ounces of gold and 784,000 ounces of silver between 1988 and 1995 from open pit mines utilizing heap-leach processing (Nevada Division of Minerals, www.ndomdata.com). The Santa Fe Mine has a Canadian National Instrument 43-101 compliant Indicated Mineral Resource of 1,539,000 oz Au Eq(grading 0.99 g/t Au Eq) and an Inferred Mineral Resource of 411,000 oz Au Eq (grading 0.76 g/t Au Eq), all pit constrained (Au Eq is inclusive of recovery, please see Santa Fe Project Technical Report*). For more information, please visit our website: www.lahontangoldcorp.com
* Please see the Santa Fe Project Technical Report, Authors: Trevor Rabb, P. Geo, Darcy Baker, PhD, P. Geo., and Kenji Umeno, P. Eng., Effective Date: October 9, 2024, Report Date: November 27, 2024. The Technical Report is available on the Company's website and SEDAR+.
On behalf of the Board of Directors
Kimberly Ann
Founder, CEO, President, and Director
FOR FURTHER INFORMATION, PLEASE CONTACT:
Lahontan Gold Corp.
Kimberly Ann
Founder, Chief Executive Officer, President, Director
Phone: 1-530-414-4400
Email:
Kimberly.ann@lahontangoldcorp.com
Website: www.lahontangoldcorp.com
Cautionary Note Regarding Forward-Looking Statements:
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the TSXV. There are uncertainties inherent in forward-looking information, including factors beyond the Company's control. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company's filings with Canadian securities regulators, which filings are available at www.sedar.com.
SOURCE: Lahontan Gold Corp
View the original press release on accesswire.com
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