Lomiko Metals Shareholders Approve $0.13/Share Takeover
LMRMF has more than doubled off its 52-week low of $0.03 on light trading volume (0.2× avg).
Summary
Shareholders approved the $0.13 per share takeover, clearing a key hurdle for the deal. The approval removes uncertainty and moves the acquisition closer to completion. The stock trades at $0.09, below the offer price, suggesting some skepticism about closing or timing. Watch for the closing date and any regulatory conditions.
At the time of this announcement, LMRMF was trading at $0.09 on OTC in the Industrial Applications And Services sector, with a market capitalization of approximately $7.3M. The 52-week trading range was $0.03 to $0.19. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Seeking Alpha.