LAURION's President and CEO Announces Intention to Exercise Stock Options, Demonstrating Confidence in LAURION's Future
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LAURION's President and CEO Announces Intention to Exercise Stock
Options, Demonstrating Confidence in LAURION's Future
TORONTO, ONTARIO - (May 3, 2024) – Laurion Mineral Exploration Inc. (TSX.V: LME
and OTCPINK: LMEFF) (“LAURION” or the “Corporation”) announced that its CEO
and President , Cynthia Le Sueur -Aquin, intends to exercise a total of 750,000
LAURION stock options, further solidifying her commitment to the C orporation's
vision and potential long-term growth.
Ms. Le Sueur -Aquin expects to exercise in full, ahead of their expiry , 500,000
options exercisable at $0.17 per share , expiring on June 2, 2025, and 250,000
options exercisable at $0.23 per share , expiring on December 14, 2025 (held
indirectly through her company, AquinTerra Inc.), representing a significant
personal investment of $142,500 into the Corporation and its future.
“This decision reflects my unwavering confidence in LAURION's strategic direction,
excellent exploration prospects on the Ishkõday Project, and strong commitment
to delivering shareholder value,” stated Ms. Le Sueur -Aquin. “ As the CEO,
President and largest shareholder of LAURION, I am fully dedicated to aligning my
interests with those of our shareholders, and this action underscores that
commitment.”
She added, “I have full confidence in our talented technical and financial teams
to execute our strategic initiatives efficiently, ensuring sustainable growth and
financial prosperity for our shareholders.”
Ms. Le Sueur-Aquin, who is also a director of the Corporation, currently intends to
hold the common shares resulting from these o ption exercises for investment
purposes. The options were previously granted by the Corporation on June 2, 2020
and December 14, 2020, respectively.
About LAURION
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 267,071,735 outstanding shares of which
approximately 72% are owned and controlled by Insiders who are eligible
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investors under the “Friends and Family” categories.
LAURION's emphasis is on the exploration and development of its flagship project,
the 100% owned mid -stage 57 .43 km2 Ishkõday Project, and its gol d-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
Douglas Vass - Investor Relations Consultant
Email: [email protected]
Website: http://www.LAURION .ca
Follow us on Twitter: @LAURION_LME and Instagram laurionmineral
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 in tentions, the timing and size of the
expected exercise s of stock options described above, the common s hares resulting from the
expected exercise of o ptions, the Corporation’s strategic direction and potential long -term
growth, the exploration prospects rel ating to the Ishkõday Project , the Corporation’s ability to
execute its strategic initiatives and advance the Ishkõday Project, and the nature, focus, timing
and potential results of the Corporation’s drilling program s and future exploration efforts . 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 including as a result of a change in the trading price
of the common shares of LAURION, 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.