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Landore Information
Share Price Information for Landore (LND)
Share Price is delayed by 15 minutes
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Share Price:
4.35
Bid:
4.20
Ask:
4.50
Change:
-0.30 (-6.45%)
Spread:
0.30 (7.143%)
Open:
4.65
High:
4.65
Low:
4.35
Prev. Close:
4.65
Last checked at -
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Don't have an account? Click here to register.Landore to offload non-core Canadian lithium resource
Wed, 10th Feb 2016 11:39
(ShareCast News) - Landore Resources had secured a deal to offload its Root Lake non-core lithium property in north western Ontario, Canada on Wednesday, to dedicated lithium producer Ardiden.The AIM-traded firm said the option agreement was subject to a CAD 50,000 deposit (£24,864) on the date of execution.If the option was to be exercised, Ardiden would be required to pay CAD 150,000 to Landore on the competion date.It would also issue CAD 150,000 of ordinary shares to Landore on completion, and grant Landore a 3% net smelter royalty from minerals produced from the Root Lake property.Ardiden would have the option to purchase 50% of the royalty from Landore for a payment of CAD 1m.Root Lake Lithium was considered a non-core asset by Landore, with a book value of nil. In the 2014 financial year there was nil expenditure on the property."We are pleased to pass on our Root Lake property to a dedicated lithium explorer whilst retaining an interest in the property through shares and a net smelter royalty, leaving Landore to remain focused on the development of its highly prospective Junior Lake property", said CEO Bill Humphries in a statement.The cash consideration to be received by Landore would be applied towards its working capital requirements, Landore confirmed.
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Landore Resources Identifies New Potential Nickel Zones At Junior Lake
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UK WINNERS & LOSERS: Iofina Share Price Halved By Production Outlook
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FTSE 100 - WINNERS
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24 Mar 2014 12:15
Landore Resources Early Survey Data Shows Growth Potential Of Deposits
LONDON (Alliance News) - Landore Resources Ltd said Monday that preliminary data from its 3-simernaional geophysics survey of its Junior Lake Property in Ontario, Canada, indicated the potential to grow its existing B4-7 and VW nickel deposits. The survey data covered 700 metres below the s
Read more18 Feb 2014 10:05
Landore Resources Completes Geophysics Survey At Junior Lake
LONDON (Alliance News) - Landore Resources Ltd Tuesday said it has completed a 3D Geophysics Survey on its B4-7 and VW nickel trends at its 1005 owned Junior Lake Nickel-Copper property in Canada. The junior mineral exploration and development company said preliminary findings from the stud
Read more4 Feb 2014 11:58
Landore Resources Starts Major 3D Geophysics Study In Canada
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Read more23 Oct 2013 16:29
SThree Asian Pacific director sells 74,176 shares
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