Laurentian Goldfields (LGF-V) Project generator
www.laurentiangoldfields.com
6.1 million o/s
Insiders own 5%
AngloGold Ashanti 18.1%
Kinross Gold 4.1%
Triton Gold 2.0%
Teck Resources 1.6%
Thompson Creek Metals CompanyInc.1.5%
<$0.2 million cash
Strategic Exploration Alliances
Use of leading edge exploration concepts and technology has attracted Kinross Gold Corporation, AngloGold Ashanti, and Antofagasta Minerals as alliance partners
Strategic exploration alliances have delivered over $5.5M in exploration expenditures to Laurentian, without any shareholder dilution
Kinross Joint Venture:
Direct result of $2 million, Kinross funded, two year exploration agreement focused on prospective Red Lake host, Uchi greenstone belt
AngloGold Superior Alliance:
Facilitated over $3.5M in exploration and generated valuable widespread geological databases across central and eastern Canada
Antofagasta Minerals Strategic Alliance:
New, $1.5M two year exploration alliance focused on copper exploration in Quebec
Key people
Darin Labrenz, P.Geo. – President, CEO and Director
Mr. Labrenz is a registered professional geologist with over 19 years of experience in the mineral exploration industry. Most recently, Mr. Labrenz was Vice President Business Development for Terrane Metals Corp., a recently acquired BC based exploration and mine development company. Prior to Terrane, Mr. Labrenz was employed by the Placer Dome group, where he was responsible for the design and supervision of exploration programs, management of geological activities at both underground and open pit mining operations, as well as technical support and geological management of several feasibility studies and economic evaluations.
Mark J. Pryor, Pr. Sci. Nat. – VP Exporation
Mr. Pryor has worked for junior, mid-tier and major mining companies worldwide, developing a proven record in the successful discovery of precious metal deposits. He has held management positions with recognized companies including Anglo American, Monarch Resources, Minefinders, Candente Gold Corp., Montero Mining & Exploration Ltd. and Placer Dome, and developed extensive global experience having worked in Eurasia, South America, Africa and the Americas. Mr. Pryor's experience includes over 25 years of precious metal exploration in Archean, Proterozoic and Epithermal environments. His exploration expertise includes the design and implementation of exploration programs in arid, temperate and tropical environments, and range from generative, grassroots exploration through to advanced delineation and mine feasibility.
Mr. Pryor is a Fellow of the Geological Society of Great Britain, of the Society of Economic Geologists, and is a registered Natural Scientist (Pr. Sci. Nat.).
Dr. Mark O’Dea Ph.D., P.Geo
Dr. O'Dea has a track record of creating strong, well-financed companies built on high-quality projects and run by technical leaders. As President, Chief Executive Officer and Director of Fronteer Gold (2001 to 2011), Dr. O'Dea rapidly grew the company from a $2 million venture shell into a well-funded, high profile, development-focused gold company acquired in 2011 by Newmont Mining Corp. for $2.3 billion. Over the past decade, Dr. O'Dea has raised more than $650 million through equity financings, equity investments and asset divestitures, providing strong returns to his shareholders and bringing great financial strength and stability to his companies. Importantly, Dr. O'Dea and his team have a proven track record of discovery having been integral in advancing and/or discovering five large gold and gold/copper deposits located in Nevada and Turkey and two world scale uranium deposits in Labrador. Dr. O'Dea is also Chairman of both Blue Gold Mining Inc and Pilot Gold Inc. He is a Professional Geologist, holds a B.Sc. (Hons.) degree from Carleton University and a Ph.D. in structural geology from Monash University, Australia.
Catherine McLeod-Seltzer – Advisor to Board of Director
Ms. McLeod-Seltzer is the Chairman of Pacific Rim Mining Corp. and a recognized leader in the minerals industry. She has raised over $450 million in working capital for exploration to date, and has been involved in over $4 billion in corporate transactions in the mining industry. Her leadership experience, financial know-how, access to capital, and respect from the exploration and mining community has been an invaluable asset to the companies she has been involved with. Ms. McLeod-Seltzer is well known in mining circles for backing proven mine finders and helping build successful mineral companies, including Arequipa Resources, Bear Creek Mining, Stornoway Diamond and Peru Copper, Francisco Gold, and Miramar Mining. She was named Mining Man of the Year by the Northern Miner in 1999.
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Company presentation
laurentiangoldfields.com
Fact sheet
laurentiangoldfields.com
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Laurentian Goldfields arranges $500,000 financing
Dec 17, 2012 - News Release
Laurentian Goldfields Ltd. intends to complete a non-brokered private placement for proceeds up to $500,000 through the issuance of 2.5 million units at a price of 20 cents per unit. Each unit will consist of one common share and one common share purchase warrant. Each warrant is exercisable to purchase one common share at a price of 30 cents per share for a period of two years after the date of issuance. The warrants are subject to an accelerated expiry date, which comes into effect when the trading price of Laurentian's common shares closes at or above 50 cents per share for 20 consecutive trading days in the period commencing four months after the date of issuance. In such an event, the company will give an expiry acceleration notice to warrantholders and the expiry date of the warrants will be 30 days from the date of the notice.
The private placement is subject to certain conditions, including regulatory acceptance, and all securities are subject to a four-month hold period from the date of issuance. It is anticipated that officers and directors of the company will participate in this offering. Finders' fees may be payable in connection with the private placement, in accordance with the policies of the TSX Venture Exchange.
Proceeds from this financing will be used to support continuing exploration programs under the exploration alliance with Antofagasta Minerals S.A. and the joint venture with Kinross Gold Corp. In addition, funds will be used to support strategic objectives, including project evaluations, due diligence toward possible acquisitions and for general working capital.
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