Laurion Announces Upsize of Previously Announced Non-Brokered Private Placement of Units
LAURION ANNOUNCES UPSIZE OF PREVIOUSLY ANNOUNCED
NON-BROKERED PRIVATE PLACEMENT OF UNITS
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 - (September 20, 2019) – LAURION Mineral Exploration Inc. (TSX.V:
LME and OTCPINK: LMEFF) (“ LAURION” or the “Corporation”) today announced that ,
due to strong investor demand, it has increase d the maximum size of its previously
announced non-brokered private placement (the “ Private Placement”) to 2,994,118
units of the Corporation (the “Units”) at a price of $0.17 per Unit for gross proceeds of up
to $509,000.
Each Unit will consist of one common share of the Corporation (each, a “ Common
Share”) and one Common S hare purchase warrant (each, a “ Warrant”), with each
Warrant entitling the holder thereof to acquire one additional Common Share at a
price of $0.21 per share for a period of 24 months from the date of issuance.
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, the Corporati on may pay finders’ fees in the
form of cash commissions and /or finder’s warrants having the same attributes as the
Warrants.
The closing of the Priv ate Placement is subject to the final approval of the TSX Venture
Exchange (the “TSX-V”). All securities that are issued pursuant to the Private Placement
will be subject to, among 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
now has 165,630,869 outstanding shares of which 58.7% are owned and controlled by
Insiders who are eligible investors under the “Friends and Family” categories.
LAURION’s emphasis is on the development of its flagship project, the 100% owned mid -
stage 44 km 2 Ishkoday Project, and its gold -silver and gold -rich polymetallic
mineralization with a significant upside potential. The Ishkoday Project has a project -
wide database (2008 to 2018) that includes 283 diamond drill holes totaling 40,729 m,
geological mapping, ground geophysics, and 14,992 individual samples with assays
and geochemical analysis. The mineralization on the Ishkoday is open at depth beyond
2
the current core-drilling limit of -200 m from surface, based on the historical mining to a -
685 m depth, as evidenced in the past producing Sturgeon River Mine.
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 i ntentions, 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 chan ge in the trading price of the Common S hares or the TSX-V not providing its
final approval for the Private Pl acement. 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 NO R 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.