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Landore Resources ( (GB:LND) ) just unveiled an announcement.
Landore Resources Limited has completed a corporate reorganization, merging its subsidiary Landore Resources Canada Inc. with its majority-owned Lamaune Iron Inc. This amalgamation consolidates assets at the Junior Lake Property, enhancing operational efficiency and exploration potential. The transaction, approved by shareholders, involves a cash payout to public holders of Lamaune’s shares, streamlining Landore’s corporate structure and bolstering its gold inventory, particularly with the Lamaune Gold prospect.
More about Landore Resources
Landore Resources Limited is a company operating in the mining industry, focusing on exploration and development of mineral properties. Its primary products include gold and iron, with a significant market focus on its Junior Lake Property in Ontario, Canada.
Average Trading Volume: 2,047,820
Technical Sentiment Signal: Buy
Current Market Cap: £15.41M
For detailed information about LND stock, go to TipRanks’ Stock Analysis page.