Laurion Provides Update ON Corporate Activities and Strategic Objectives
LAURION PROVIDES UPDATE ON
CORPORATE ACTIVITIES AND STRATEGIC OBJECTIVES
TORONTO, ONTARIO (November 14, 2023) – LAURION Mineral Exploration Inc. (TSX.V: LME
and OTCPINK: LMEFF) (“LAURION” or the “Corporation”) is pleased to provide an update
on its corporate activities and strategic objectives.
LAURION’s primary focus is to identify and explore opportunities to maximize shareholder
value while simultaneously embracing and considering the principles and best practices
of environmental, social and corporate governance (ESG) issues. A significant part of this
objective revolves around the Corporation’s continued efforts to advance its flagship
Ishkoday Project. A consequence of LAURION’s success and advancement over the past
several years is that the Corporation has become positioned as an acquisition target for
appropriate potential acquirors.
Accordingly, on August 24, 2023, the Corporation announced the establishment of a
Special Committee for the purpose of exploring opportunities and potential transactions
that may be strategically beneficial to the Corporation and its stakeholders. As part of
this announcement, the Corporation also announced its payment of a financial advisory
fee to US Capital Global Partners LLC (“US Capital Global”) in the amount of US$250,000,
in order to assist with this strategic review process. Since the announcement, US Capital
Global has progressed to the latter stages of its due diligence review process. LAURION
remains confident that US Capital Global is well-positioned to help identify and if deemed
appropriate by the Special Committee, unlock, potential strategic alternatives and
transactional opportunities for the Corporation.
Against the backdrop of its recently completed, over -subscribed private placement of
flow-through shares, LAURION continues to be well-positioned to advance the Ishkoday
Project. The use of proceeds from the financing, which amount to approximately $2.88
million, will include activities that will support the preparation of a new technical report
for the Ishkoday Project. The new technical report is expected to be completed in 2024
and in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral
Projects (“NI 43-101”). As stated in LAURION’s news release dated September 27, 2022,
the Corporation’s Board of Directors believes that a new NI 43-101 technical report could
serve as a cornerstone disclosure document that may potentially unlock, facilitate and
support a prospective strategic transaction, while also consolidating all of the scientific
and technical information regarding the Ishkoday Project since April 23, 2013 (which is
the effective date of LAURION’s latest NI 43-101 technical report).
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LAURION is committed to enhancing shareholder value and is looking at a variety of
opportunities. The Corporation remains open to pursuing an acquisition or other
significant transaction if it would be in the best interests of LAURION and its stakeholders.
The Corporation’s Board of Directors and m anagement team remain dedicated to
capitalizing on opportunities for all stakeholders. The Corporation will promptly issue a
news release when any material change occurs.
About LAURION Mineral Exploration Inc.
The Corporation is a junior mineral exploration and development company listed on the
TSX Venture Exchange under the symbol LME and on the OTC under the symbol LMEFF.
LAURION now has 263,346,102 outstanding shares of which approximately 80% are
owned and c ontrolled by Insiders who are eligible investors under the “Friends and
Family” categories.
LAURION's emphasis is on the exploration and development of its flagship pro ject, the
100% owned mid -stage 5 7 km 2 Ishkoday Project, and its gold -rich polymetallic
mineralization.
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
Steven Hunter - Investor Relations Consultant
Email: [email protected]
Website: http://www.LAURION .ca
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 r egarding future events, including with respect to LAURION’s business, operations
and condition, management's objectives, strategies, beliefs and intentions, the Corporation’s
ability to advance the Ishkoday Project, any potential acquisitions, mergers, fin ancings or other
transactions referenced herein, the Corporation’s ability to complete a new NI 43 -101 technical
report, the nature and content of any such report, and the anticipated timing of any such report,
and the use of proceeds from the above-mentioned private placement. Actual events and future
results, performance or achievements expressed or implied by such forward -looking statements
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 TSX Venture Exchange not providing its approval for
the above-mentioned private placement, 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
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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 annua l 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 SE RVICE 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.