New Risk • Aug 31
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$1.2m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.2m free cash flow). Shares are highly illiquid. Shareholders have been substantially diluted in the past year (over 5x increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$2.87m market cap, or US$2.13m). お知らせ • Aug 06
Aurum Lake Mining Corporation, Annual General Meeting, Oct 07, 2024 Aurum Lake Mining Corporation, Annual General Meeting, Oct 07, 2024. Board Change • May 14
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Director Weizhe Zhong was the last director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 23
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Director Weizhe Zhong was the last director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 20
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Director Weizhe Zhong was the last director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Feb 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Director Weizhe Zhong was the last director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Director Weizhe Zhong was the last director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. お知らせ • Dec 07
Aurum Lake Mining Corporation announced that it has received CAD 2.12 million in funding On December 6, 2023, Aurum Lake Mining Corporation closed the transaction. The company issued 5,000,000 common shares at an issue price of CAD 0.40 per Common Share for the gross proceeds of CAD 2,000,000 and 240,000 flow-through common shares at an issue price of CAD 0.50 per share for the gross proceeds of CAD 120,000; aggregate gross proceeds of CAD 2,120,000. In connection with the Concurrent Financing, the company has paid aggregate fees to certain arm’s length finders in the amount of CAD 99,000 and issued common share purchase warrants to purchase 247,500 Common Shares at a price of CAD 0.40 per Common Share for a period of 24 months from the date of issuance of the respective Finder’s Warrant. Completion of the Transaction is subject to a number of conditions including, without limitation, the receipt of all requisite regulatory approvals including the approval of the TSX Venture Exchange and other conditions that are customary for a transaction of this nature. お知らせ • Nov 09
Aurum Lake Mining Corporation announced that it expects to receive CAD 2 million in funding Aurum Lake Mining Corporation announced a non brokered private placement to issue 5,000,000 common shares at an issue price of CAD 0.40 per share for the gross proceeds of CAD 2,000,000 on November 8, 2023. The company will pay finder's fee consisting of a cash commission in the amount of 6% of the gross proceeds raised in the concurrent financing and compensation warrants equal to 6% of the aggregate common shares subscribed for by persons. The payment of the Cash Fee and the issuance of the finder's warrant will occur upon on completion of the transaction. Each finder's warrant entitles the holder thereof to purchase one common share at an exercise price of CAD 0.40 per common share for a period of twenty-four months from the date of issuance of the respective finder's warrant. Completion of the transaction is subject to the satisfaction of the conditions of the Exchange including completion of the concurrent financing. Completion of the transaction is subject to the satisfaction of the conditions of the Exchange including completion of the concurrent financing. Completion of the transaction is subject to a number of conditions, including, but not limited to, Exchange acceptance and, if applicable pursuant to Exchange requirements, majority of the minority shareholder approval. Where applicable, the transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the transaction will be completed as proposed or at all. お知らせ • Jun 01
Aurum Lake Mining Corporation Announces Resignation of Terry Wong as Director Aurum Lake Mining Corporation announced that Ms. Terry Wong has resigned from the Board of Directors to focus on other commitments effective immediately. お知らせ • Dec 22
Aurum Lake Mining Corporation announced a financing transaction Aurum Lake Mining Corporation announced a private placement on December 21, 2022. The transaction will include participation from the directors of the company. Board Change • Dec 06
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Director Weizhe Zhong was the last director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 25
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Director Weizhe Zhong was the last director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. お知らせ • Sep 10
Aurum Lake Mining Corporation Announces Board Changes Aurum Lake Mining Corporation announced that Mr. Jingbing Wang has resigned from the Board of Directors to focus on other commitments and Mr. Weizhe Zhong has been appointed as a new director of the Company effective immediately. Mr. Zhong is currently the Chief Executive Officer (CEO) of Gold Mountains Vision Investment Management Ltd. (GMV), a subsidiary of Zijin Mining Group Co. Ltd. Prior to GMV, he served as the Chief Investment Officer of Sino-Zijin Resources Ltd. He also worked at SinoTech (Hong Kong) Corporation as CEO, where he supervised the company's overseas investments and supported the operations of multiple TSX-V listed exploration companies. Mr. Zhong graduated from China University of Geosciences and University of Waterloo as a geologist. He has experience in exploration, development and investment in mining projects across the Americas, Africa and Asia. Board Change • Aug 18
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. was the last director to join the board, commencing their role in . The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jul 20
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. was the last director to join the board, commencing their role in . The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. お知らせ • Jul 20
Aurum Lake Mining Corporation has completed an IPO in the amount of CAD 0.35 million. Aurum Lake Mining Corporation has completed an IPO in the amount of CAD 0.35 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 3,500,000
Price\Range: CAD 0.1
Discount Per Security: CAD 0.008
Transaction Features: Blank Check Blind Pool Company