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LaFleur Minerals ( (TSE:LFLR) ) just unveiled an announcement.
LaFleur Minerals Inc. announced that Bullrun Capital Inc., a private venture firm owned by its Chairman Kulwant (Kal) Malhi, has acquired 4,000,000 shares of the company. This acquisition increases Mr. Malhi’s total holdings to approximately 13.88% of the company’s shares on a non-diluted basis. The transaction was part of an option agreement granting LaFleur Minerals an exclusive option to acquire a 100% interest in certain mining claims and leases. This strategic move could potentially impact the company’s market positioning and investment strategy, as Bullrun Capital may adjust its ownership based on market conditions and other opportunities.
The most recent analyst rating on (TSE:LFLR) stock is a Buy with a C$0.83 price target. To see the full list of analyst forecasts on LaFleur Minerals stock, see the TSE:LFLR Stock Forecast page.
More about LaFleur Minerals
LaFleur Minerals Inc. operates in the mining industry, focusing on the acquisition and development of mining claims and leases. The company is publicly traded on multiple exchanges, including CSE, OTCQB, and FSE.
Average Trading Volume: 211,448
Technical Sentiment Signal: Buy
Current Market Cap: C$30.48M
For a thorough assessment of LFLR stock, go to TipRanks’ Stock Analysis page.