Laurion Announces NEXT Steps with a Leading Financial Advisor to Explore Strategic Opportunities
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LAURION ANNOUNCES NEXT STEPS WITH A LEADING FINANCIAL
ADVISOR TO EXPLORE STRATEGIC OPPORTUNITIES
TORONTO, ONTARIO (August 20, 2024) – LAURION Mineral Exploration Inc. (TSX.V: LME and
OTCPINK: LMEFF) (“LAURION” or the “Corporation”) is pleased to announce that , further
to its press release dated August 24, 2023, the Corporation has entered into an
engagement letter with a financial advisory firm, pursuant to which this firm shall continue
to act as LAURION’s lead advisor for exploring transactional opportunities that may be
strategically beneficial to the Corporation and its stakeholders. This financial advisory firm
and its affiliates together form a global, full-service private financial group specializing in
providing corporate finance, asset management, and capital formation services.
Having completed its due diligence investigations regarding LAURION over the past year,
this financial advisory firm is aiming to facilitate the procurement of a potential strategic
transaction involving the Corporation. More specifically, they will identify and introduce
third parties for possible mergers & acquisition (M&A) and/or investment opportunities.
LAURION’s primary focus is to identify and explore opportunities to maximize shareholder
value. As such, on August 24, 2023, the Corporation announced the establishment of a
Special Committee to undertake a strategic review process intended to maximize
shareholder value. On February 15, 2024, the Corporation announced the completion of
a new independent technical report on the Ishkoday Project, which is entitled “NI 43-101
Technical Report of the Ishkoday Gold Project, Northern Ontario, Canada”. The technical
report is available under the Corporation’s profile on SEDAR+ at www.sedarplus.ca and
on the Corporation’s website at www.laurion.ca.
LAURION is committed to enhancing shareholder value and is looking at a variety of
opportunities. The Corporation remains open to pursuing an acquisition or other
significant transaction if it would be in the best interests of LAURION and its stakeholders.
The Corporation will promptly issue a news release if and when any material change
occurs.
About LAURION Mineral Exploration Inc.
The Corporation is a junior mineral exploration and development company listed on the
TSX Venture Exchange under the symbol LME and on the OTC under the symbol LMEFF.
LAURION now has 267,271,735 outstanding shares of which approximately 72% are
owned and controlled by i nsiders who are eligible investors under the “Friends and
Family” categories.
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LAURION's emphasis is on the exploration and development of its flagship pro ject, the
100% owned mid- stage 5 7 km 2 Ishkoday Project, and its 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
Douglas Vass - Investor Relations Consultant
Email: [email protected]
Website: http://www.LAURION .ca
Follow us on X: @LAURION_LME and Instagram laurionmineral
Caution Regarding Forward-Looking Information
This press release contains forward -looking statements, which reflect the Corporation’s cur rent
expectations regarding future events, including with respect to LAURION’s business, operations
and condition, management's objectives, strategies, beliefs and intentions, the Corporation’s
ability to advance the Ishkoday Project, statements regarding the Corporation’s strategic review
process and the potential outcome of this strategic review process and the Corporation’s
engagement of the above -referenced financial advisory firm , approval of any transactions
resulting from the str ategic review process , the possible impact of any potential transactions
referenced herein on the Corporation or any of its stakeholders, and the ability of the Corporation
to identify and complete any potential acquisitions, mergers, financings or other t ransactions
referenced herein , and the timing of any such transactions . 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 TSX Venture Exchange or any other applicable regulator
not providing its approval for any of the potential transactions referenced herein , 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 fa ilure
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 EXCHAN GE NOR ITS REGULATION SE RVICE 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.