Laurion Announces Proposed Non-Brokered Private Placement of Units
LAURION ANNOUNCES PROPOSED NON-BROKERED
PRIVATE PLACEMENT OF UNITS
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 - (May 9, 2019) – LAURIO N Mineral Exploration Inc. (TSX.V: LME and
OTCPINK: LMEFF) (“LAURION” or the “Corporation”) today announced that it is
proposing to complete a private placement on a non-brokered basis (the “ Private
Placement”). The Corporation intends to raise $2 million in gross proceeds by issuing
20,000,000 units (the “Units”) at a price of $0.10 per Unit.
Each Unit will consist of one common share of the Corporation (each, a “ Common
Share”) and one Common Share purchase warrant (each, a “ Warrant”), with each
Warrant entitling the holder thereof to acquire one additional Common Share at a
price of $0.14 per share for a period of 24 months from the date of issuance.
As at the date hereof, the Corporation has accepted a subscription agreement for the
Private Placement in aggregate gross proceeds of $2 million.
The Corporation intends to use the net proceeds from the issue of Units for exploration
activities and general working capital purposes.
In connection with the Private Placement, th e Corporation may pay finders’ fees in the
form of cash commissions and finder’s warrants having the same attributes as the
Warrants.
The closing of the Private Placement is subjec t to the final approval of the TSX Venture
Exchange (the “TSX-V”). The Corporation intends to cl ose the Private Placement in two
or more tranches, with the first tranche scheduled to close later today, subject to
receipt of all necessary regulatory approvals. All securities that are issued pursuant to
the Private Placement will be subject to, am ong other things, a hold period of four
months and one day in accordance with applicable Canadian securities laws.
About LAURION Mineral Exploration Inc.
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 has
143,470,084 outstanding shares of which 59.4% are owned and controlled by Insiders
and within the “friends and family” category.
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The Corporation’s emphasis is on the development of its flagship project, the 100%
owned mid-stage Ishkoday Gold Project, an d its gold-silver and gold-rich polymetallic
mineralization with a significant upside potential.
Current exploration is focussed on the near term potential of major near surface mineral
resources in both gold and base metals based on the network of un-developed quartz
veins similar to those observed at other gold deposits in the immediate region and in
other greenstone belts.
Mr. Jean Lafleur, P. Geo. (APGO, OGQ), LAURION ’s Technical Advisor to the Board of
Directors, is a Qualified Person as defined by National Instrument 43-101 guidelines, and
has reviewed and approved the content of this news release.
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
Connect with LAURION on LinkedIn: http://ca.linkedin.com/pub/cynthia-le-sueur-
aquin/17/30/4b
Follow us on Twitter: @LAURION_LME
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 int entions, the completion of the Private Placement, the
anticipated timing of closing of the Private Placement, the use of proceeds therefrom and the finder’s fees
that may be paid by the Corporation in connection with the Private Placement. 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 Common Shares, the TSX-V not providing its
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 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.