SureTrader SureTrader
Home > Boards > Canadian > Mining/Resources >

Loncor Resources Inc. (TSX:LN)

TSX:LN RSS Feed
Add TSX:LN Price Alert      Hide Sticky   Hide Intro
Moderator:
Search This Board:
Last Post: 8/25/2016 4:12:30 PM - Followers: 2 - Board type: Free - Posts Today: 0
Loncor Resources Inc. (TMX-V:LN)

Completes $24 million Bought Deal with Syndicate of Underwriters – Expansion Funding Secured

January 14, 2011

Loncor Resources Inc. (‘Loncor’) has completed a bought deal with a syndicate of underwriters to raise C$19.975 million and they announced a further C$3.995 million from an un-named non-brokered investor. We are waiting on news of the identity of the non-brokered investor, but we are encouraged by the support of the financial community. This financing validates Loncor’s future exploration plans. We estimate Loncor now has $36 million in the treasury to fund continued drilling on their Ngayu prospect. Recent drill results have delivered encouraging gold discoveries from the Makapela project including 64 g/t Au over 7.19 meters (4.3 m true width) and all drills have intersected the quartz vein at shallow depths at Makapela. Combined with the recent surface channel results and the new funding, we believe Loncor will accelerate their progress.
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
TSX:LN
Current Price
Volume:
Bid Ask Day's Range
SureTrader
PostSubject
#14   Any advice on this stock? I am taking Geoman1 08/25/16 04:12:30 PM
#13   CHART REVERSAL steez 02/06/16 12:17:46 PM
#12   on wach for next week steez 02/06/16 12:17:30 PM
#11   average volume 1 mil and we ad steez 02/06/16 12:17:04 PM
#10   lots off volume today steez 02/06/16 12:15:30 PM
#9   http://seekingalpha.com/article/296379-loncor-resources-positive-drilling-result jackg152004 09/28/11 12:46:35 PM
#8   http://www.loncor.com/s/FinancialStatements.asp PLUTUS 09/23/11 12:49:13 PM
#7   Shares Outstanding: 57,617,745 PLUTUS 09/23/11 12:48:49 PM
#6   http://www.loncor.com/s/Home.asp PLUTUS 09/23/11 12:47:33 PM
#5   http://www.tradershuddle.com/20110912156197235/PRNewswire/Loncor-Resources-Regio PLUTUS 09/23/11 12:45:11 PM
#4   The drill results seem to be very encouraging. jackg152004 09/23/11 11:38:43 AM
#3   With the recent volatility in the markets gold jackg152004 09/23/11 11:31:50 AM
#2   They seem to be fairly well funded. jackg152004 09/23/11 11:30:04 AM
#1   This looks like an interesting long-term play. jackg152004 09/23/11 11:29:15 AM
PostSubject