LN.TO - Loncor Resources Inc.

Toronto - Toronto Delayed Price. Currency in CAD
0.4450
-0.0150 (-3.26%)
At close: 12:11PM EDT
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Previous Close0.4600
Open0.4450
Bid0.4250 x 0
Ask0.4350 x 0
Day's Range0.4000 - 0.4450
52 Week Range0.1400 - 0.8800
Volume62,000
Avg. Volume42,485
Market Cap44.833M
Beta (5Y Monthly)1.62
PE Ratio (TTM)N/A
EPS (TTM)-0.0180
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est0.30
  • GlobeNewswire

    Loncor Announces Expected Filing Date of its Annual Filings

    Loncor Resources Inc. ("Loncor" or the "Company") (TSX: "LN"; OTCQB: "LONCF") announces that it expects to file by Tuesday, April 7, 2020 its annual financial statements (required by section 4.2 of National Instrument 51-102), management’s discussion and analysis (required by subsection 5.1(2) of National Instrument 51-102) and annual information form (required by section 6.2 of National Instrument 51-102) relating to the financial year ended December 31, 2019 (the “Annual Filings”). In filing the Annual Filings after the March 30, 2020 deadline, the Company is relying on the recent decision of Canadian securities regulators, including the Ontario Securities Commission, which provides a temporary exemption (the “Temporary Exemption”) to reporting issuers such as Loncor in connection with the filing of certain continuous disclosure and other documents due during the period from March 23, 2020 to June 1, 2020.

  • GlobeNewswire

    LONCOR INCREASES INTEREST IN ADUMBI MINING TO 76.29%

    Loncor Resources Inc. ("Loncor" or the "Company") (TSX: "LN"; OTCQB: "LONCF") announces that it has acquired an additional 5.04% interest in its subsidiary Adumbi Mining SARL (“Adumbi Holdco”) pursuant to a private transaction with one of the former minority shareholders of Adumbi Holdco. Adumbi Holdco, which recently changed its name from KGL Somituri SARL, holds six exploitation licences in the Ngayu Greenstone Belt including the Imbo exploitation licence, where an Inferred Mineral Resource of 1.675 million ounces of gold (20.78 million tonnes grading 2.5 g/t Au,) was outlined in January 2014 by independent consultants Roscoe Postle Associates Inc on three separate deposits, Adumbi, Kitenge and Manzako.

  • GlobeNewswire

    Loncor Announces Appointment of John Barker as Vice President of Business Development

    Loncor Resources Inc. ("Loncor" or the "Company") (TSX: "LN"; OTCQB: "LONCF") is pleased to announce the appointment of Mr. John Barker as Vice President of Business Development for Loncor. As per the joint venture agreement signed in January 2016, Barrick manages and funds exploration on the said ground at the Ngayu project until the completion of a pre-feasibility study on any gold discovery meeting the investment criteria of Barrick.

  • GlobeNewswire

    Loncor Closes Private Placement Financing

    Loncor Resources Inc. ("Loncor" or the “Company”) (TSX: "LN"; OTCQB: "LONCF"), a Canadian gold exploration company with significant projects in the Democratic Republic of the Congo, is pleased to announce that, further to its January 13, 2020 press release, it has closed a private placement of 6,000,000 common shares of the Company (the "Offered Shares") at a price of Cdn$0.40 per Offered Share for gross proceeds of Cdn$2,400,000. The Company intends to use the proceeds from this financing (the “Financing”) for general corporate purposes. A total of 1,790,000 of the Offered Shares issued under the Financing were purchased by certain insiders of the Company, including Mr. Arnold T. Kondrat, who is Founder, Chief Executive Officer and a director of Loncor and who purchased 1,440,000 of the Offered Shares.

  • Baystreet

    Stocks in play: Loncor Resources Inc.

    Provided an update on its activities within the Ngayu Greenstone Belt, where the Company has a dominant ...

  • GlobeNewswire

    Loncor Provides Update on Exploration Activities at Its Ngayu Project

    Loncor Resources Inc. ("Loncor" or the "Company") (TSX: "LN"; OTCQB: "LONCF") is pleased is pleased to provide an update on its activities within the Ngayu Greenstone Belt, where the Company has a dominant foot-print through its joint venture with Barrick Gold (Congo) SARL (“Barrick”) and on its own majority-owned exploration licences and exploitation concessions including the Imbo exploitation concession. The Ngayu Archean Greenstone Belt of northeastern Democratic Republic of the Congo (the “DRC”) is geologically similar to the belts which host the world class gold mines of AngloGold Ashanti/Barrick’s Kibali mine in the DRC and AngloGold Ashanti’s Geita mine in Tanzania.

  • GlobeNewswire

    Loncor Provides Update on Its Ngayu Project

    Loncor Resources Inc. ("Loncor" or the "Company") (TSX: "LN"; OTCQB: "LONCF") is pleased to provide an update on its activities within the Ngayu Greenstone Belt, where the Company has a dominant foot-print through its joint venture with Barrick Gold (Congo) SARL (“Barrick”) and on its own majority-owned prospecting licences and exploitation concessions. The Ngayu Archean Greenstone Belt of northeastern Democratic Republic of the Congo (the “DRC”) is geologically similar to the belts which host the world class gold mines of AngloGold Ashanti/Barrick’s Kibali mine in the DRC and AngloGold Ashanti’s Geita mine in Tanzania. Gold mineralization at Ngayu is spatially related to Banded Ironstone Formation (“BIF”), which is the case at both Kibali and Geita and is highlighted in Figures 1 and 2 below.

  • GlobeNewswire

    Loncor Announces Private Placement Financing

    Loncor Resources Inc. ("Loncor" or the “Company”) (TSX: "LN"; OTCQB: "LONCF"), a Canadian gold exploration company with significant projects in the Democratic Republic of the Congo, is pleased to announce a non-brokered private placement of up to 6,000,000 common shares of the Company (the "Offered Shares") at a price of Cdn$0.40 per Offered Share for gross proceeds of up to Cdn$2,400,000. Closing of this financing (the "Financing") is subject to receipt of all necessary approvals, including board and Toronto Stock Exchange approvals. The Company intends to use the proceeds from the Financing for general corporate purposes.

  • GlobeNewswire

    Loncor Announces Additional Drill Targets Identified by Barrick on Loncor’s Ngayu Joint Venture Project

    Loncor Resources Inc. ("Loncor" or the “Company”) (TSX: "LN"; OTCQB: "LONCF"), a Canadian gold exploration company with significant projects in the Democratic Republic of the Congo (“DRC”), is pleased to provide an update on exploration activities undertaken by Barrick Gold Corporation (NYSE: "GOLD"; TSX: "ABX") (through its subsidiary, Barrick Gold (Congo) SARL) (“Barrick”) on Loncor’s Ngayu Joint Venture Project in northeastern DRC. Barrick’s exploration at Ngayu during the most recent quarter has focused on four priority areas all located along the 30 kilometre-long Imva fold structure (see Figure 1 below). At Bavadili, further trenching was undertaken to test the concept of a mineralized northwest trending shear corridor parallel to the interpreted F2 axial plane.

  • GlobeNewswire

    Loncor Announces Appointment of Peter Cowley as President and MINECON as Geological Consultants to Advance Ngayu Gold Project

    TSX: "ABX") as joint venture partner and a second major gold producer, Resolute Mining Limited (ASX/LSE: "RSG"), as a 27% shareholder, is pleased to announce the appointment of Peter Cowley as President of the Company and Minecon Resources and Services Limited as geological consultants. Mr. Cowley is a geologist with over 40 years’ experience in the minerals industry and a history of major exploration successes in Africa, including the DRC.

  • GlobeNewswire

    Loncor Closes Transactions to Consolidate Ground in Ngayu Gold Belt

    TORONTO, Sept. 27, 2019 -- Loncor Resources Inc. ("Loncor" or the “Company”) (TSX: "LN"; OTCQB: "LONCD") announces that it has closed the transactions provided for by the....

  • GlobeNewswire

    Loncor Announces Share Consolidation

    TORONTO, Sept. 16, 2019 -- Loncor Resources Inc. (the “Company” or “Loncor”) (TSX: "LN"; OTCQB: "LONCF") announces the terms of the share consolidation (the “Consolidation”).

  • GlobeNewswire

    Loncor Enters into Agreement to Consolidate Ground in Ngayu Gold Belt

    OTCQB: "LONCF") announces that it has entered into an agreement (the “Agreement”) with Resolute (Treasury) Pty Ltd (“Resolute”), Kilo Goldmines Ltd. (“KGL”) and Kilo Goldmines Inc. (“Kilo Inc.”, and together with KGL, “Kilo”) to consolidate ground in the Ngayu gold belt in northeastern Democratic Republic of the Congo (the “DRC”). Resolute has advanced AUD$750,000 to Kilo under the Facility, and this AUD$750,000 of principal plus accrued interest was repayable by Kilo on March 14, 2019.

  • GlobeNewswire

    Loncor Announces Appointment of New Director to Board of Directors

    TORONTO, June 28, 2019 -- Loncor Resources Inc. (the "Company" or "Loncor") (TSX: "LN"; OTCQB: "LONCF") is pleased to announce that Zhengquan (Philip) Chen has been ...

  • GlobeNewswire

    Loncor Resources Announces Election of Directors

    TORONTO, June 27, 2019 -- Loncor Resources Inc. (the "Company" or "Loncor") (TSX: "LN") announces that the three nominees listed in the Company’s management information.

  • GlobeNewswire

    Loncor Updates Exploration Activities at its Ngayu Project Joint Venture with Barrick

    Loncor Resources Inc. ("Loncor" or the "Company") (TSX: "LN") is pleased to provide an update on exploration activities undertaken by Barrick Gold (Congo) SARL (formerly Randgold Resources Congo SARL) (“Barrick”) on Loncor’s Archean greenstone Ngayu gold project in northeastern Democratic Republic of the Congo (the “DRC”). Such activities are being carried out as part of the joint venture agreement between Barrick and Loncor. The Ngayu Archean greenstone belt is 200 kilometres southwest of the Kibali gold mine, which is operated by Barrick.