LAURION Announces Update to Its Annual Filings
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LAURION Announces Update to Its Annual Filings
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 (April 28, 2020) – Laurion Mineral Exploration Inc. (TSX.V: LME and
OTCPINK: LMEFF) (“LAURION” or the “Corporation”) announces that due to the impact
on normal working conditions and other challenges caused by the COVID -19
pandemic (including accommodating the work schedules of the Corporation’s
external advisors and consultants), and pursuant to the blanket relief granted by the
Canadian Securities Administrators, the Corporation will not file its annual audited
financial statements for t he year ended December 31, 2019 and its related
management’s discussion and analysis (collectively, the “Annual Filing Documents”),
as would otherwise be required by Parts 4 and 5 of National Instrument 51 -102 –
Continuous Disclosure Obligations, prior to the filing deadline of April 29, 2020.
According to Ontario Instrument 51 -502 – Temporary Exemption from Certain
Corporate Finance Requirements, the Ontario Securities Commission has provided a
conditional 45 -day extension for filing certain continuous di sclosure documents,
including the Annual Filing Documents , by reporting issuers in Ontario. Securities
regulators in other Canadian provinces have issued corresponding exemption orders.
The Corporation currently has no material business developments since the date of its
last financial statements, other than the business developments that have previously
been disclosed and filed by the Corporation on SEDAR.
The Corporation’s management and other insiders are subject to an insider trading
black-out policy that reflects the principles in section 9 of National Policy 11 -207 –
Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions, such that
they are subject to a black-out period until 10 days after the Annual Filing Documents
have been filed. The Corporation currently anticipates that its Annual Filing
Documents will be filed by May 6, 2020.
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 now has 180,599,311 outstanding shares of which approximately 59% are
owned and controlled b y 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 with a significant upside potential. Ishkoday has a project -wide
database (2008 to 2019) that includes 307 diamond drill holes totaling 48,879 m,
geological mapping, ground and airborne geophysics, and 21,800 individual samples
with assays a nd geochemical analysis. 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.
Mr. David Lewis, P. Geo. (APGO, OGQ), LAURION ’s Exploration Manager and
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 technical
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
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, and management's objectives, strategies, beliefs a nd i ntentions. 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 includi ng as a result of 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 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.