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dante941

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17/11/23

10:17

Post #: 70956870
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Originally posted by dante941: ↑

https://www.lumiraenergy.com/site/content/

About Us
Hawkley Oil & Gas Limited changed its name to Lumira Energy Limited on 21 December 2021.

On 19 January 2022, the Company lodged a prospectus to raise $12m-$15m to complete a merger with Canadian company Persist Oil & Gas Inc. (“Persist”) as an IPO to seek admission to trading on the ASX. Unfortunately, Persist decided not to proceed with the merger and the Prospectus was withdrawn on 9 February 2022.

The Company has executed a two-month option agreement on 12 September 2023, to acquire the Copperhole Creek polymetallic project in Queensland, Australia. The Copperhole Creek acquisition was completed in November 2023. Lumira intends to use this project acquisition as the basis to pursue an Initial Public Offering (“IPO”) on the Australian Securities Exchange (“ASX”) in mid-year 2024. The move away from oil and gas represents a significant change in direction for the Company. The Company is also considering other potential acquisition opportunities to complement the Copperhole Creek project.

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I am potentially looking to buy some shares here.

If you are interested in selling please email me at [email protected].

This could be one option for a current holder of unlisted shares to realise a capital loss.

HOG Price at posting: 0.3¢ Sentiment: None Disclosure: Not Held
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