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TORONTO, September 3, 2019 /CNW/ - Laurion Mineral
Exploration Inc. (TSX.V: LME and OTCPINK: LMEFF) ("LAURION" or the
"Corporation") today announced that it has, subject
to regulatory approval, retained Integral Wealth Securities Limited
("Integral") to provide market-making services for the
purposes of maintaining an orderly trading market and improving the
liquidity of the Corporation's common shares.
The market-making service will be undertaken by Integral in
compliance with the applicable policies of the TSX Venture Exchange
and other applicable laws. Under the terms of their engagement,
Integral will receive a monthly cash fee. Integral will not
receive shares or options as compensation. The agreement will
have a minimum term of 12 months. Following the 12-month
anniversary of the agreement, LAURION may terminate the agreement
on 30 days' notice.
The Corporation and Integral act at arm's length, and Integral
has no present direct or indirect interest in the Corporation or
its securities. The fee paid by the Corporation to Integral is for
services only. The capital and securities required for any trades
undertaken by Integral as principal will be provided by
Integral.
Integral is a national, independent investment dealer that
provides private and public issuers with investment banking
services, institutional investors and public issuers with capital
markets services and affluent individuals with wealth management
services. Integral is a member of the Investment Industry
Regulatory Organization of Canada
(IIROC) and can access all Canadian Stock Exchange and Alternative
Trading Systems. Founded in 2003, the firm has established
capabilities in market making, energy banking and private debt /
equity.
"Integral is a well-established market maker in Canadian
public markets and we are most pleased to have retained their
services to maintain an orderly market, enhance liquidity and
provide market intelligence," said Cynthia Le Sueur-Aquin, President and Chief
Executive Officer of the Corporation.
About LAURION
The Corporation is a junior mineral exploration and development
company listed on the TSX-V under the symbol LME and on the OTCPINK
under the symbol LMEFF. LAURION now has 158,756,424 outstanding
shares of which 60.8% are owned and controlled by Insiders who
are eligible investors under the "Friends and Family"
categories.
LAURION's emphasis is on the development of its flagship
project, the 100% owned mid-stage 44 km2 Ishkoday
Project, and its gold-silver and gold-rich polymetallic
mineralization with a significant upside potential. The Ishkoday
Project has a project-wide database (2008 to 2018) that includes
283 diamond drill holes totaling 40,729
m, geological mapping, ground geophysics, and 14,992
individual samples with assays and geochemical analysis. The
mineralization on the Ishkoday is open at depth beyond the current
core-drilling limit of -200 m from
surface, based on the historical mining to a -685 m depth, as evidenced in the past producing
Sturgeon River Mine.
Caution Regarding Forward-Looking Information
This press release contains forward-looking statements, which
reflect the Corporation's current expectations regarding future
events, including with respect to Laurion's business, operations
and condition, and management's objectives, strategies, beliefs and
intentions. The forward-looking statements involve risks and
uncertainties. Actual events and future results, performance or
achievements expressed or implied by such forward-looking
statements could differ materially from those projected herein
including as a result of a change in the trading price of the
common shares of Laurion, the interpretation and actual results of
current exploration activities, changes in project parameters as
plans continue to be refined, future prices of gold and/or other
metals, possible variations in grade or recovery rates, failure of
equipment or processes to operate as anticipated, the failure of
contracted parties to perform, labor disputes and other risks of
the mining industry, delays in obtaining governmental approvals or
financing or in the completion of exploration, as well as those
factors disclosed in the Corporation's publicly filed documents.
Investors should consult the Corporation's ongoing quarterly and
annual filings, as well as any other additional documentation
comprising the Corporation's public disclosure record, for
additional information on risks and uncertainties relating to these
forward-looking statements. The reader is cautioned not to rely on
these forward-looking statements. Subject to applicable law, the
Corporation disclaims any obligation to update these
forward-looking statements.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE
PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX
VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
SOURCE Laurion Mineral Exploration Inc.