LAURION Announces Corrective Disclosure in Response to Review by the Ontario Securities Commission
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LAURION Announces Corrective Disclosure in Response to
Review by the Ontario Securities Commission
TORONTO, ONTARIO (November 27, 2022) – LAURION Mineral Exploration Inc. (TSX.V:
LME and OTCPINK: LMEFF) (“LAURION” or the “Corporation”), announces that, further
to a continuous disclosure review by Corporate Finance Department staff of the
Ontario Securities Commission (the “ OSC”), the Corporation is issuing the following
news release regarding its technical disclosure. The Corporation has made corrective
disclosure with respect to LAURION’s 2022 Corporate Presentation and the contents
of its website (www.laurian.ca).
Specifically, corrective disclosure was made to:
(a) include the name and relationship to the Corporation of the qualified person
who prepared or approved the scientific or technical information disclosed in
the aforementioned corporate presentation and website , pursuant to
subsection 3.1 of National Instrument 43 -101 Standards of Disclosure for Mineral
Projects (“NI 43-101”);
(b) on the website, remove reference to a historical mineral resource estimate
amount in order to comply with subsection 2.3(1)(a) of NI 43-101; and
(c) on the website, remove the 2018 Fundamental Research Report in order to
comply with National Policy 51-201 Disclosure Standards.
Additionally, to avoid confusion, the Corporation has elected to remove the
Corporation’s “fact sheet” from its website, as it included outdated information and
had not been circulated by the Corporation for a number of years.
As a result of such corrective disclosures, the Corporation will be placed on the public
list of Refiling and Errors in accordan ce with OSC Staff Notice 51 -711 (Revised) –
Refilings and Corrections of Errors.
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 256,069,855 outstanding shares of which approximately 80% are owned and
controlled by Insiders who are eligible investors under the “Friends and Family”
categories.
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LAURION's emphasis is on the development of its flagship project, the 100% owned
mid-stage 47 km 2 Ishkoday Project and its gold -silver and gold -rich polymetallic
mineralization.
FOR FURTHER INFORMATION, CONTACT:
LAURION Mineral Exploration Inc.
Cynthia Le Sueur-Aquin – President and CEO
Tel: 1-705-788-9186
Fax: 1-705-805-9256
Website: http://www.LAURION .ca
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
Corporation’s ability to advance the Ishkod ay Project , as well as the Corporation’s
expectation that it will be added to the OSC’s Refiling and Errors list . 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 PROVIDE R (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.