REG - Landore Resources Ld - Amalgamation of Landore Canada and Lamaune

Landore ResourcesAnnouncement

10/11/2025 07:00

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RNS Number : 8409G  Landore Resources Limited  10 November 2025

10 November 2025

LANDORE RESOURCES LIMITED

Amalgamation of Landore Canada and Lamaune

 

London, United Kingdom - 10 November 2025 - Landore Resources Limited
(AIM: LND) ("Landore" or the "Company") is pleased to announce the
completion of a corporate reorganisation (the "Transaction"), in respect its
wholly-owned subsidiary Landore Resources Canada Inc. ("Landore Canada") and
its majority-owned interest in Lamaune Iron Inc. ("Lamaune") effective 7
November 2025 (the "Closing Date").

On the Closing Date, Landore Canada and Lamaune were amalgamated into a single
company, now operating under the name Landore Resources Canada Inc., which is
wholly owned by Landore Resources. The purpose of this Transaction was to
arrange all assets of Lamaune and Landore Canada - which are contiguous to one
another at Landore's Junior Lake Property - under one corporate entity, as was
the case prior to the separation of the assets in 2011. Lamaune is located
approximately 235 km northeast of Thunder Bay, Ontario, and hosts both the
Lamaune Gold prospect and the Lamaune Magnetite Iron Project. Together,
Landore's 100%-owned Junior Lake Property and the adjoining Lamaune Iron
property comprise a 32,768 -hectare land package.

The Transaction was approved by Landore, the sole shareholder of Landore
Canada, at a meeting of Lamaune shareholders held on 3 July 2025. Pursuant to
the Transaction, public holders of Lamaune's common shares (excluding
Landore), will receive CDN$0.0015619791 in cash per share, totalling
$95,280.73 in aggregate. In order to receive the cash payable upon the
completion of the Transaction, shareholders of Lamaune must complete and sign
the letter of transmittal (the "Letter of Transmittal") mailed to
shareholders. This, along with their share certificate(s) and any other
required documents and instruments, must be returned to Computershare Investor
Services Inc., in accordance with the procedure set out in the Letter of
Transmittal. Non-registered shareholders will receive payment through their
intermediary account. Shareholders with queries about this process should
contact their intermediary.

If shareholders have any questions or require more information with regard to
the procedures required for completing the Letter of Transmittal, please
contact Computershare Investor Services Inc., the depositary for the
Transaction, by telephone at 1-800-564-6253 (North America Toll Free) or
1-514-982-7555 (Outside North America) and by email:
corporateactions@computershare.com (mailto:corporateactions@computershare.com)
.

 

Landore's CEO, Alexander Shaw, commented:

"I am delighted to announce the completion of the amalgamation between Landore
Canada and Lamaune, which simplifies the corporate structure of our Canadian
subsidiary as majority owners of Lamaune. Its lease area, which includes the
Lamaune Gold prospect and Magnetite Iron Project, are contiguous to Landore
Canada's assets including our flagship BAM Gold Project at our Junior Lake
Property, Ontario.

"The Lamaune Gold prospect will add further ounces to Landore's gold inventory
making it a highly attractive and exciting exploration target and will provide
additional options when developing BAM."

 

Engage with us by asking questions, watching video summaries and seeing what
other shareholders have to say on our Interactive Investor hub here: Landore
Resources Investor Hub (https://investors.landore.com/link/XyM8bP)

 

- ENDS -

 

For further information, please contact:

 

 Landore Resources Limited

 Alexander Shaw (CEO)                                        contact@landore.com

 Engage with the company directly                            Landore Resources Investor Hub (https://investors.landore.com/link/XyM8bP)
 Strand Hanson Limited (Nominated Adviser and Joint Broker)

 James Dance/Matthew Chandler/Harry Marshall                 Tel: 020 7409 3494
 Hannam & Partners (Joint Broker)

 Andrew Chubb/Matt Hasson                                    Tel: 020 7907 8500
 AlbR Capital Limited (Joint Broker)                            cr@albrcapital.com (mailto:cr@albrcapital.com)

 Colin Rowbury                                               Tel: 020 7469 0930

 Burson Buchanan (Financial PR)

 Bobby Morse/Oonagh Reidy                                    landore@buchanancomms.co.uk

                                                             Tel: 020 7466 5000

 

Subscribe to our news alert service: https://investors.landore.com/auth/signup

About Landore Resources

Landore Resources (AIM: LND) is the 100% owner of the highly prospective BAM
Gold Project, Northwestern Ontario, Canada, which has an NI 43-101 compliant
resource estimate of 1.5m oz Au (Indicated: 1.03m oz from 30.96Mt @ 1.0g/t;
Inferred: 467,000oz from 18.3M/t @ 0.8g/t). Ontario is Canada's largest gold
producing province, and produced 3.9m oz, accounting for 41% of Canada's total
gold production in 2023. Landore Resource's strategic objective is to
crystallise value from BAM's last estimated NPV of US$333.6m @ US$1,800/oz
spot (from May 2022 PEA), as well as generating additional value from its
non-core portfolio of precious and battery metals projects in eastern Canada
and the USA.

 

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