Loncor Gold Provides Corporate Update
Loncor Gold (OTCQX: LONCF) has announced the formation of a Special Committee in response to an unsolicited, non-binding offer from an undisclosed party regarding a potential transaction. The committee, consisting of independent directors Kevin R. Baker K.C. (Chair), Richard J. Lachcik, and William R. Wilson, will review and evaluate the potential transaction and any alternative opportunities.
The Special Committee's mandate includes conducting an independent and objective assessment of the proposed transaction and making recommendations to the Board. The company emphasizes that there is no guarantee of entering into any transaction and will provide updates as required by securities laws.
["Formation of an independent Special Committee demonstrates proper corporate governance", "Company received unsolicited interest, indicating potential market value recognition"]Loncor Gold (OTCQX: LONCF) ha annunciato la formazione di un Comitato Speciale in risposta a un'offerta non sollecitata e non vincolante da parte di un soggetto non divulgato riguardante una possibile transazione. Il comitato, composto da direttori indipendenti Kevin R. Baker K.C. (Presidente), Richard J. Lachcik e William R. Wilson, esaminerà e valuterà la potenziale transazione e qualsiasi opportunità alternativa.
Il mandato del Comitato Speciale include la conduzione di una valutazione indipendente e obiettiva della proposta di transazione e la formulazione di raccomandazioni al Consiglio di Amministrazione. L'azienda sottolinea che non vi è alcuna garanzia di concludere una transazione e fornirà aggiornamenti conformemente alle normative sui titoli.
Loncor Gold (OTCQX: LONCF) ha anunciado la formación de un Comité Especial en respuesta a una oferta no solicitada y no vinculante de una parte no revelada sobre una posible transacción. El comité, compuesto por directores independientes Kevin R. Baker K.C. (Presidente), Richard J. Lachcik y William R. Wilson, revisará y evaluará la posible transacción y cualquier oportunidad alternativa.
El mandato del Comité Especial incluye realizar una evaluación independiente y objetiva de la propuesta de transacción y hacer recomendaciones a la Junta Directiva. La compañía enfatiza que no hay garantía de que se concrete alguna transacción y proporcionará actualizaciones según lo exijan las leyes de valores.
Loncor Gold (OTCQX: LONCF)는 잠재적 거래와 관련하여 비공개 당사자로부터 받은 비공식적이고 구속력 없는 제안에 대응하여 특별위원회를 구성했다고 발표했습니다. 위원회는 독립 이사인 Kevin R. Baker K.C. (위원장), Richard J. Lachcik, William R. Wilson으로 구성되며, 잠재적 거래와 대안 기회를 검토하고 평가할 예정입니다.
특별위원회의 임무는 제안된 거래에 대해 독립적이고 객관적인 평가를 수행하고 이사회에 권고안을 제시하는 것입니다. 회사는 거래 체결이 보장되지 않으며, 증권법에 따라 필요한 업데이트를 제공할 것임을 강조합니다.
Loncor Gold (OTCQX: LONCF) a annoncé la formation d'un Comité Spécial en réponse à une offre non sollicitée et non contraignante d'une partie non divulguée concernant une transaction potentielle. Le comité, composé des administrateurs indépendants Kevin R. Baker K.C. (Président), Richard J. Lachcik et William R. Wilson, examinera et évaluera la transaction potentielle ainsi que toute autre opportunité alternative.
Le mandat du Comité Spécial comprend la réalisation d'une évaluation indépendante et objective de la transaction proposée et la formulation de recommandations au Conseil d'administration. La société souligne qu'il n'y a aucune garantie de conclure une transaction et fournira des mises à jour conformément aux lois sur les valeurs mobilières.
Loncor Gold (OTCQX: LONCF) hat die Bildung eines Sonderausschusses angekündigt als Reaktion auf ein unverlangtes, unverbindliches Angebot einer nicht genannten Partei bezüglich einer potenziellen Transaktion. Der Ausschuss, bestehend aus den unabhängigen Direktoren Kevin R. Baker K.C. (Vorsitzender), Richard J. Lachcik und William R. Wilson, wird die potenzielle Transaktion sowie alternative Möglichkeiten prüfen und bewerten.
Der Auftrag des Sonderausschusses umfasst eine unabhängige und objektive Bewertung der vorgeschlagenen Transaktion sowie die Abgabe von Empfehlungen an den Vorstand. Das Unternehmen betont, dass kein Abschluss einer Transaktion garantiert ist und wird gemäß den Wertpapiergesetzen Updates bereitstellen.
- None.
- Lack of details about the potential transaction or interested party
- No assurance of transaction completion
Toronto, Ontario--(Newsfile Corp. - July 14, 2025) - Loncor Gold Inc. (TSX: LN) (OTCQX: LONCF) (FSE: LO5) ("Loncor" or the "Company") reports that, in response to an unsolicited, confidential non-binding offer received from an interested party for a potential transaction, the Company's board of directors (the "Board") has established a Special Committee of the Board comprised only of independent directors of the Company (such directors being Kevin R. Baker K.C. (Chair), Richard J. Lachcik and William R. Wilson). The mandate of the Special Committee includes, among other things, (i) independently and objectively reviewing and considering the potential transaction and, if considered advisable by the Special Committee, alternative transactions that may be available to the Company, and (ii) making recommendations to the Board. No assurance can be provided that the Company will enter into any transaction.
The Company will provide further corporate updates as circumstances warrant and in accordance with applicable securities laws.
About Loncor Gold Inc.
Loncor is a Canadian gold exploration company focussed on the Ngayu Greenstone Gold Belt in the northeast of the Democratic Republic of the Congo (the "DRC"). The Loncor team has over two decades of experience of operating in the DRC. Loncor's growing resource base in the Ngayu Belt is focused on the Imbo Project where the Adumbi deposit holds an indicated mineral resource of 1.88 million ounces of gold (28.185 million tonnes grading 2.08 g/t gold), and the Adumbi deposit and two neighbouring deposits hold an inferred mineral resource of 2.090 million ounces of gold (22.508 million tonnes grading 2.89 g/t Au), with
Additional information with respect to Loncor and its projects can be found on Loncor's website at www.loncor.com.
Cautionary Note Concerning Forward-Looking Information
This press release contains forward-looking information. All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding a potential transaction, mineral resource estimates and future exploration and development) are forward-looking information. This forward-looking information reflects the current expectations or beliefs of the Company based on information currently available to the Company. Forward-looking information is subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things, the possibility that future exploration (including drilling) or development results will not be consistent with the Company's expectations, risks related to the exploration stage of the Company's properties, uncertainties relating to the availability and costs of financing needed in the future, the possibility that drilling programs will be delayed, failure to establish estimated mineral resources (the Company's mineral resource figures are estimates and no assurances can be given that the indicated levels of gold will be produced), changes in world gold markets or equity markets, political developments in the DRC, gold recoveries being less than those indicated by the metallurgical testwork carried out to date (there can be no assurance that gold recoveries in small scale laboratory tests will be duplicated in large tests under on-site conditions or during production), fluctuations in currency exchange rates, inflation, changes to regulations affecting the Company's activities, delays in obtaining or failure to obtain required project approvals, the uncertainties involved in interpreting drilling results and other geological data and the other risks disclosed under the heading "Risk Factors" and elsewhere in the Company's annual information form dated March 31, 2025 filed on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov. Forward-looking information speaks only as of the date on which it is provided and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.
For further information, please visit our website at www.loncor.com or contact:
John Barker, CEO, +44 7547 159 521
Arnold Kondrat, Executive Chairman, +1 416 366 7300
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/258701
FAQ
What prompted Loncor Gold (LONCF) to form a Special Committee in July 2025?
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Is Loncor Gold (LONCF) guaranteed to complete a transaction?
How will Loncor Gold communicate updates about the potential transaction?
