- Landore's wholly owned subsidiary, Landore Resources Canada Inc, has entered into a debt settlement agreement with Lamaune Iron Inc.

Landore said that Lamaune had agreed, conditional on its own shareholder approval, to issue to Landore Canada 576,192,087 common shares in the capital of Lamaune, in full satisfaction of the loan receiveable from Lamaune.

Following the issue of the shares, Landore Canada will hold 90.2% of the issued shares of Lamaune.

Story provided by