LAURION Pays Financial Advisory Fee to US Capital Global
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LAURION Pays Financial Advisory Fee to US Capital Global
TORONTO, ONTARIO (August 24, 2023) – LAURION Mineral Exploration Inc. (TSX.V: LME
and OTC: LMEFF) (“LAURION” or the “Corporation”) is pleased to announce that it has
paid a financial advisory fee to US Capital Global Partners LLC (“ US Capital Global”)
in the amount of US$250,000. On August 23, 2023, the Corporation agreed to pay the
financial advisory fee to US Capital Global, with the expectation that this will assist the
Corporation and its recently formed Specia l Committee with continuing to explore
opportunities and potential transactions that may be strategically beneficial to the
Corporation and its stakeholders.
Headquartered in San Francisco, US Capital Global is a global, full-service private
financial group with an established track record in investment banking, asset
management and capital formation services. The group provides sophisticated debt,
equity and investment products to lower middle market companies and investors. Any
securities that are offered by the group is done so through its FINRA-member, SEC-
registered broker-dealer affiliate, US Capital Global Securities LLC.
Pursuant to an agreement with a director of the Corporation, the fee payable to US
Capital Global is recoverable by the Corporation if the Corporation does not secure
a transaction to the Corporation’s satisfaction as a result of, arising from or related to
an engagement of US Capital Global. This agreement constitutes a “related party
transaction” for the Corporation pursuant to Multilateral Instrument 61-101 – Protection
of Minority Security Holders in Special Transactions (“MI 61-101”). The agreement is
exempt from the formal valuation and mino rity shareholder approval requirements
provided under MI 61-101 in accordance with section 5.5(a) and 5.7(1)(a) of MI 61-
101. The Corporation is relying on an exemption from the formal valuation and minority
shareholder approval requirements of MI 61-101 available because the fair market
value of the agreement does not exceed 25% of the Corporation’s market
capitalization, as determined in accordance with MI 61-101.
About LAURION Mineral Exploration Inc.
The Corporation is a junior mineral exploration and development company listed on
the TSXV under the symbol LME and on th e OTC under the symbol LMEFF. LAURION
now has 257,159,855 outstanding shares of which approximately 80% are owned and
controlled by Insiders 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 project, the
100% owned mid-stage 47 km 2 Ishkoday Project, and its gold-rich polymetallic
mineralization.
LAURION’s chief priority remains maximizing shareholder value while simultaneously
embracing and considering the principles and best practices of environmental,
social, and corporate governance (ESG) issues. A large portion of the Corporation’s
focus in this regard falls within the ambit of its mineral exploration activities and more
specifically, advancing the Ishkoday Project.
About US Capital Global
Established in 1998, US Capital Global leverages the latest FinTech and RegTech
innovation to provide sophisticated debt, equity, and investment products to lower
middle market companies and investors. The US Capital Global group manages direct
investment funds and provides wealth ma nagement and capital formation services
through its affiliates, including US Capital Global Investment Management LLC, US
Capital Global Wealth Management LLC, and its FINRA member, SEC-registered
broker-dealer, US Capital Global Securities LLC. The group collaborates closely with its
peers in professional banking and investment advisory.
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 stat ements, 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 intentions, the potential impact of the
payment of US Capital Global’s financial advisory fee on the Corporation and its stakeholders, the
Corporation’s ability to advance the Ishkoday Project, and any possible strategic alternatives and
transactional opportunities that may arise and/or could be procured in the future with respect to the
Corporation. The forward-looking statements involve risks and uncertainties, including risks relating to the
Corporation’s payment of the financial advisory fee to US Capital Global and the Corporation’s ability
to recover the fee in the future. Actual events and future results, performance or achievements
expressed or implied by such forward-looking statemen ts 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
interpretation and actual results of current and future 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 docu mentation 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 Corp oration disclaims any obligation to update these
forward-looking statements.
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Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility fo r the adequacy or accuracy of this release. No
stock exchange, securities commission or other regulatory authority has approved or disapproved the
information contained herein.