TORONTO, June 17, 2021 /CNW/ - LAURION Mineral
Exploration Inc. (TSXV: LME) (OTCPINK:
LMEFF) ("LAURION" or the "Corporation") today
announced that since April 2021,
LAURION has received aggregate gross proceeds of $3.71 million from the exercise of warrants
(including finder's warrants) and stock options. A portion of these
proceeds are attributable to the exercise of securities by certain
directors of the Corporation, full details of which
are available on the System for Electronic Disclosure by
Insiders (SEDI) at: www.sedi.ca.
The Corporation intends to use the proceeds from these security
exercises for exploration activities and general working capital
purposes.
"LAURION is very pleased with the continued support of its
investors," said Cynthia Le
Sueur-Aquin, President and CEO. "This infusion of capital
reflects our investors' confidence in the future of LAURION. The
proceeds received will support our exploration work program at the
Ishkoday Project and the execution of our business plan in 2021 and
beyond."
About LAURION Mineral Exploration Inc.
The Corporation is a junior mineral exploration and development
company listed on the TSXV under the symbol LME and on the OTCPINK
under the symbol LMEFF. LAURION now has 228,052,731 outstanding
shares of which approximately 79% 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 47 km2 Ishkoday
Project, and its gold-silver and gold-rich polymetallic
mineralization with a significant upside potential. The
mineralization on 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, in the past producing Sturgeon
River Mine. The recently acquired Brenbar Property, which is
contiguous with the Ishkoday Property, hosts the historic Brenbar
Mine and LAURION believes the mineralization to be a direct
extension of mineralization from the Ishkoday Property.
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, management's objectives, strategies, beliefs and
intentions, and the use of proceeds from the above-mentioned
exercise of securities. The forward-looking statements involve
risks and uncertainties. Actual events could differ materially from
those projected herein including as a result of a change in the
trading price of the Corporation's common shares. 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.