Last C$0.02 CAD
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12/16/14 - C$0.08
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11/24/14 - C$0.0050
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lions gate metals inc (LGM) Details

Lions Gate Metals Inc., a junior resource company, engages in the acquisition, exploration, and development of natural resource properties in Canada. The company principally explores for copper, gold, and silver, and uranium deposits. It holds a 100% interest in the Poplar Copper-Gold-Silver Porphyry property that consists of 199 claims covering an area of approximately 77,914 hectares located in west-central British Columbia; and a 60% interest in the Copperline mineral property located in British Columbia. The company also has an option to acquire a 100% interest in the Whitford Lake Uranium property located in the Athabasca Basin in Saskatchewan. Lions Gate Metals Inc. was incorporated in 1980 and is based in Vancouver, Canada.

Founded in 1980

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lions gate metals inc (LGM) Key Developments

Glenmark Capital Corp. Enters into Option Agreement with Lions Gate Metals Inc. to Acquire Copper-Molybdenum Property in Central BC, Canada

Glenmark Capital Corp. announced that the company has entered into an option agreement with Lions Gate Metals Inc. to acquire a 100% interest, subject to existing royalties, in the Poplar Copper-Moly property in central British Columbia. The Poplar Copper-Moly property covers an area of 67,862 hectares in the Omineca Mining Division, in the central interior of British Columbia, 50km south of the town of Houston. The project is a copper ­ molybdenum porphyry associated with the Late Cretaceous Poplar intrusive stock. The Huckleberry Mine located approximately 35km southwest of the property, produces copper and molybdenum from a deposit of similar age and geological setting. Under the terms of the Agreement, Glenmark can acquire a 100% interest by paying to Lions Gate Metals $50,000 on or before December 22, 2014, $100,000 on June I, 2015, $200,000 on December 22, 2015 and a further $2,650,000 at various times over the following three years. In addition, Glenmark must complete $3,000,000 in exploration expenditures over four years. Certain claims within the project area are subject to legacy 1% and 2% NSR interests, which can be purchased by Glenmark for $100,000 and $1,000,000, respectively.

Lions Gate Metals Inc. Announces Management Changes

Lions Gate Metals Inc. announced the resignations of Mr. Arni Johannson, from the company's Board of Directors and as Chairman, Interim President, and Chief Executive Officer, and of Ms. Sharon Muzzin, from the position of Chief Financial Officer. Additionally the Company also announced the appointments of Anita Algie as Director, Peter Born as President, and Samantha Stewart as Chief Financial Officer. Ms. Anita Algie, B.Sc., is President, CEO and Director of Unity Energy Corp. Ms. Stewart is the President and owner of Adapt Management Ltd.

Lions Gate Metals, Inc. Proposes Amendments to its Articles

Lions Gate Metals, Inc. proposed the amendments to the corporation's articles in the annual general and special meeting to be held on November 20, 2014.


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