Q: You had this response about Victoria Gold. Orion Mind Finance owns 31%. Follow up -Who is Orion Mind Finance? I see no record of them owning 31%
5i Research Answer:
We got this info from Bloomberg Professional. However it looks like Bloomberg missed a transaction between Orion and Coeur Mining, with a share swap between the two. In the 2022 management information circular, Coeur shows as owning 17.4%. In a further regulatory filing in 2022, Coeur's ownership was reduced to 9.5%.