TORONTO, Oct. 5, 2022
/CNW/ - LAURION Mineral Exploration Inc. (TSXV: LME)
(OTCPINK: LMEFF) ("LAURION" or the "Corporation") is
pleased to announce the appointment of Tyler Dilney as the new Chief Financial Officer
of the Corporation.
Mr. Dilney is a Chartered Professional Accountant with over 10
years of experience and has worked in the mining, technology, and
oil and gas industries. He has served as a controller and
consultant for various public and private organizations, providing
accounting, financial reporting, taxation and business advisory
services.
In connection with Mr. Dilney's appointment, the Corporation has
accepted the resignation of Miles
Nagamatsu as Chief Financial Officer of the Corporation.
LAURION would like to express its sincere appreciation for Mr.
Nagamatsu's dedication and contributions to LAURION since joining
the Corporation in May 2019.
"We are delighted to welcome Tyler to our team," stated
Cynthia Le Sueur–Aquin, President and Chief Executive Officer of
LAURION. "His in-depth experience in accounting, financial
disclosure and capital markets, particularly as they relate to
public companies in the mining industry, should benefit LAURION
greatly. More broadly, we believe that Tyler's solid track record
will help us achieve our immediate and long-term goals as we enter
a critical juncture in the outlook for LAURION. I also want to
highlight Miles' contributions to LAURION during his tenure.
It has been a genuine pleasure working with Miles and we
are very thankful for his guidance and support of LAURION over the
years. It goes without saying that we wish him tremendous
success in his future endeavours."
The Corporation also announces that pursuant to its stock option
plan, LAURION will grant incentive stock options to Mr. Dilney to
acquire a total of 250,000 common shares of the Corporation,
exercisable for a period of five years at an exercise price of
$0.95, subject to vesting
requirements. The issuance of Options, as contemplated in this news
release, is subject to the terms of the Corporation's stock option
plan and TSX Venture Exchange ("TSXV") approval.
Update on Recently Completed
Private Placement
On September 28, 2022, the
Corporation announced the closing of its previously-announced and
upsized non-brokered private placement of flow-through units, for
aggregate gross proceeds of $2,013,105 (the "Private Placement"). The
Corporation wishes to clarify that in connection with the Private
Placement, an aggregate of $32,812.55
in cash finder's commissions was paid to certain arm's-length
finders.
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 the OTCPINK
under the symbol LMEFF. LAURION now has 255,969,855 outstanding
shares of which approximately 80% 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 47 km2 Ishkoday
Project, and its gold-silver and gold-rich polymetallic
mineralization with a significant upside potential. 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. The Brenbar Property, which was acquired in 2020 and is
contiguous with the Ishkoday Property, hosts the historic Brenbar
Mine. LAURION believes the mineralization to be a direct extension
of mineralization from the Ishkoday Property.
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 regarding future
events, including with respect to LAURION's business, operations
and condition, management's objectives, strategies, beliefs and
intentions, and the issuance of stock options to Mr.
Dilney. 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.
SOURCE Laurion Mineral Exploration Inc.