Laurion Announces Proposed Non-Brokered Private Placement
29991249.2
LAURION ANNOUNCES PROPOSED NON-BROKERED
PRIVATE PLACEMENT
NOT FOR DISTRIBUTION TO UNITED STATES NEWS SERVICES OR DISSEMINATION.
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT
INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR
DISSEMINATION IN THE UNITED STATES.
TORONTO, ONTARIO - (March 13, 2018) – Laurion Mineral Exploration Inc. (TSX.V: LME
and OTCPINK: LMEFF) (“Laurion” or the “Corporation ”) today announced that it is
proposing to complete a non-brokered private placement (the “ Private Placement”) of up to
approximately 5,000,000 units (“Units”) at a subscription price of $0.05 per Unit for aggregate
gross proceeds to the Corporation of up to approximately $250,000. Each Unit is composed of
one common share (each, a “ Common Share”) and one Common Share purchase warrant
(each, a “ Warrant”). Each Warrant entitles the holder to purchase one additional Common
Share at an exercise price of $0.07 for a period of 24 months following the date of issue, subject
to customary adjustment provisions.
As at the date hereof, the Corporation has accepted subscription agreements for the Private
Placement in aggregate gross proceeds of $187,000.
Laurion intends to use the net proceeds of the Pr ivate Placement for exploration activities and
general working capital purposes. The Corporation will not be paying any agent or broker
commissions or finders’ fees in connection with the Private Placement.
The closing of the Private Placement is subject to the final approval of the TSX Venture
Exchange (the “TSX-V”). The Corporation intends to close the Private Placement on or about
March 16, 2018, subject to receipt of all necessary regulatory approvals. All securities issued
pursuant to the Private Placement will be subje ct to, among other things, a hold period of four
months and one day in accordance with applicable Canadian securities laws.
About Laurion
Laurion is an exploration discovery Corporation that is primarily focused on the development of
its gold-rich polymetallic resource on its Is hkoday property. The Corporation’s main project
mandate is to complete the relevant economic st udies, initially working towards the processing
the surface rock stockpile; and, to explore and develop the large near surface polymetallic
sulphide trends which extend over a 1 km x 3 km area (collective total strike length of 9,000 m),
with the aim of demonstrating the existence of a significant Volcanic Massive Sulphide (VMS)
deposit, developing tonnage and demonstrating continuity through the execution of multiple
phases of diamond drill programs.
FOR FURTHER INFORMATION, CONTACT:
Laurion Mineral Exploration Inc.
Cynthia Le Sueur-Aquin - President
2
29991249.2
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 stat ements, which reflect t he Corporation’s current
expectations regarding future events, including with respect to Laurion's business, operations and
condition, management's objectives, strategies, belie fs and intentions, the completion of the Private
Placement, the anticipated timing of closing of the Pr ivate Placement and the use of proceeds therefrom.
The forward-looking statements involve risks and uncertai nties. Actual events could differ materially from
those projected herein including as a result of a ch ange in the trading price of the Common Shares, the
TSX-V not providing its final approval for the Private Placement. 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 Corpor ation disclaims any obligat ion 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.