Key Developments: Loncor Resources Inc (LON)


LON on American Stock Exchange

0.27USD
13 Jun 2013
Price Change (% chg)

$-0.00 (-0.15%)
Prev Close
$0.27
Open
$0.27
Day's High
$0.27
Day's Low
$0.27
Volume
350
Avg. Vol
4,811
52-wk High
$1.45
52-wk Low
$0.25

Search Stocks

Latest Key Developments (Source: Significant Developments)

Loncor Resources Inc Moves To Toronto Stock Exchange
Thursday, 25 Apr 2013 08:58am EDT 

Loncor Resources Inc announced that its common shares will begin trading on the Toronto Stock Exchange (TSX) under the symbol LN effective April 26, 2013 and will be delisted from the TSX Venture Exchange (TSX-V) at the same time. Loncor began trading on the TSX-V in December 2008 and has been listed on NYSE-MKT (formerly the AMEX market) under the trading symbol LON since April 2011. The Company has 73,439,732 common shares issued and outstanding.  Full Article

Newmont Mining Corp Announces Acquisition Of Shares Of Loncor Resources Inc.
Tuesday, 9 Oct 2012 11:30am EDT 

Newmont Mining Corp announced that its subsidiary, Newmont Canada FN Holdings ULC (Newmont Canada), acquired by private placement 4,850,000 common shares (Common Shares) of Loncor Resources Inc. (Loncor) at a price of Cdn.$1.05 per share for an aggregate investment of $5,092,500. After giving effect to the exercise of warrants (Warrants) to acquire 1,000,000 Common Shares held by Newmont Canada and assuming no other security holder converts its convertible securities, Newmont Canadawould own or control approximately 15,550,000 Common Shares, representing approximately 20.89% of the outstanding Common Shares (calculated based on 74,439,732 outstanding Common Shares, including the Common Shares issuable upon exercise of the Warrants held by Newmont Canada and 9,245,000 Common Shares issued by Loncor pursuant to a concurrent public offering). Newmont Canada acquired its securities in Loncor for investment purposes. In the future, Newmont Canada and its affiliates may increase (through the exercise of the Warrants or otherwise) or decrease their ownership in the securities of Loncor depending on the business and prospects of Loncor as well as market conditions.  Full Article

Loncor Resources Inc Announces Closing Of Equity Financing
Tuesday, 9 Oct 2012 10:46am EDT 

Loncor Resources Inc announced that it has closed the issuance and sale of 9,245,000 common shares of the Company (the Common Shares) at a price of Cdn$1.05 per Common Share for aggregate gross proceeds of Cdn$9,707,250 (the "Offering"). The Offering was conducted by a syndicate of investment dealers (the "Underwriters"). The 9,245,000 Common Shares issued under the Offering include 645,000 Common Shares issued and sold pursuant to the full exercise of the over-allotment option by the Underwriters. The Offering was made by way of a short form prospectus dated October 1, 2012 filed with securities regulatory authorities in all of the provinces of Canada.  Full Article

Loncor Resources Inc Announces CAD14 Million Equity Financings
Thursday, 20 Sep 2012 10:06am EDT 

Loncor Resources Inc announced that in connection with its previously announced marketed public offering on September 19, 2012, it has entered into an underwriting agreement with BMO Capital Markets and GMP Securities L.P. to sell 8,600,000 common shares of the Company at a price of CAD1.05 per common share for aggregate gross proceeds of CAD9,030,000. Loncor has granted the Underwriters an over-allotment option to purchase a number of additional common shares of the Company equal to up to 7.5% of the aggregate number of common shares sold in the Offering to cover over-allotments and for market stabilization purposes, Newmont Mining Corporation (Newmont) will also complete a non-brokered private placement of 4,760,000 common shares of the Company at the Offering price for aggregate gross proceeds of CAD4,998,000, concurrent with and subject to completion of the Offering. Newmont currently holds 9,700,000 of the outstanding common shares of the Company and 1,000,000 common share purchase warrants of the Company, with each such warrant entitling the holder to purchase one common share of the Company at a price of CAD2.30 until December 2012. Pursuant to the two financings, the Company will raise total gross proceeds of approximately CAD14,028,000. Loncor intends to use the proceeds from the financings for the exploration and development of the Company's mineral properties in the Democratic Republic of the Congo and for working capital and general corporate purposes.  Full Article

Loncor Resources Inc Announces Financings
Wednesday, 19 Sep 2012 03:50pm EDT 

Loncor Resources Inc announced that it has filed a preliminary short form prospectus in connection with a marketed offering of common shares of the Company. The Offering will be led by BMO Capital Markets and GMP Securities L.P. The price of each common share to be issued under the Offering will be determined in the context of the market. Loncor will grant the Underwriters an over-allotment option to purchase a number of additional common shares of the Company equal to up to 7.5% of the aggregate number of common shares sold in the Offering to cover over-allotments and for market stabilization purposes, exercisable at any time up to 30 days after the closing of the Offering. Newmont (through an affiliate) currently holds 9,700,000 (representing 16.35%) of the outstanding common shares of the Company and 1,000,000 common share purchase warrants of the Company, with each such warrant entitling the holder to purchase one common share of the Company at a price of Cdn$2.30 until December 2012. The Company is targeting to raise total gross proceeds of approximately Cdn$12 million pursuant to the two financings. Loncor intends to use the proceeds from the financings for the exploration and development of the Company's mineral properties in the Democratic Republic of the Congo and for working capital and general corporate purposes.  Full Article

  • Previous
  • Next

Loncor Resources Inc News

» More LON News

Earnings vs. Estimates

» More Financials
Search Stocks