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lounor exploration inc (LO) Snapshot

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lounor exploration inc (LO) Details

Lounor Exploration Inc. engages in the acquisition, development, and exploration of mining properties in Canada. It primarily explores for gold, copper, platinum, palladium, and nickel ores. The company holds an option to acquire a 100% interest in the Harker-Hurd project for 21 leased claims covering an area of 320 hectares; and a 50% interest in the Tiger property for 24 claims covering an area of 300 hectares located in Ontario. It also holds 100% interests in the Trecesson property for a block of 7 claims situated in the Trecesson township; Carqueville property comprising 26 claims covering an area of 1040 hectares; and Zinc (Bernieres) property consisting of 16 mining units located in the Bernieres township in Quebec. The company was founded in 1953 and is headquartered in Rouyn-Noranda, Canada.

Founded in 1953

lounor exploration inc (LO) Top Compensated Officers

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Compensation as of Fiscal Year 2014.

lounor exploration inc (LO) Key Developments

Lounor Exploration Listing To Transfer to NEX From TSX-V

In accordance with TSX Venture Policy 2.5, Lounor Exploration Inc. has not maintained the requirements for a TSX Venture Tier 2 company. Therefore, effective on December 23, 2013, the Company's listing will transfer to NEX, the Company's Tier classification will change from Tier 2 to NEX, and the Filing and Service Office will change from Montreal to NEX. As of December 23, 2013, the Company is subject to restrictions on share issuances and certain types of payments as set out in the NEX policies. The trading symbol for the Company will change from LO to LO.H. There is no change in the Company's name, no change in its CUSIP number and no consolidation of capital. The symbol extension differentiates NEX symbols from Tier 1 or Tier 2 symbols within the TSX Venture market. Further to the TSX Venture Exchange (TSX-V) Bulletin dated September 19, 2013, trading in the Company's securities will remain suspended. Members are prohibited from trading in the securities of the Company during the period of the suspension or until further notice.


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