LAURION Announces Receipt of $3.71 Million from Exercise of Securities

TORONTO, June 17, 2021 /CNW/ – LAURION Mineral Exploration Inc. (TSXV: LME) (OTCPINK: LMEFF) (“LAURION” or the “Company”) in the present day introduced that since April 2021, LAURION has acquired mixture gross proceeds of $3.71 million from the train of warrants (together with finder’s warrants) and inventory choices. A portion of those proceeds are attributable to the train of securities by sure administrators of the Company, full particulars of that are obtainable on the System for Digital Disclosure by Insiders (SEDI) at: www.sedi.ca.

The Company intends to make use of the proceeds from these safety workouts for exploration actions and common working capital functions.

“LAURION may be very happy with the continued help of its traders,” stated Cynthia Le Sueur-Aquin, President and CEO. “This infusion of capital displays our traders’ confidence in the way forward for LAURION. The proceeds acquired will help our exploration work program on the Ishkoday Undertaking and the execution of our marketing strategy in 2021 and past.”

About LAURION Mineral Exploration Inc. 

The Company is a junior mineral exploration and improvement firm listed on the TSXV beneath the image LME and on the OTCPINK beneath the image LMEFF. LAURION now has 228,052,731 excellent shares of which roughly 79% are owned and managed by Insiders who’re eligible traders beneath the “Pals and Household” classes.

LAURION’s emphasis is on the event of its flagship undertaking, the 100% owned mid-stage 47 km² Ishkoday Undertaking, and its gold-silver and gold-rich polymetallic mineralization with a big upside potential. The mineralization on Ishkoday is open at depth past the present core-drilling restrict of -200 m from floor, primarily based on the historic mining to a -685 m depth, up to now producing Sturgeon River Mine. The just lately acquired Brenbar Property, which is contiguous with the Ishkoday Property, hosts the historic Brenbar Mine and LAURION believes the mineralization to be a direct extension of mineralization from the Ishkoday Property.

Warning Concerning Ahead-Wanting Info

This press launch comprises forward-looking statements, which mirror the Company’s present expectations concerning future occasions, together with with respect to LAURION’s enterprise, operations and situation, administration’s aims, methods, beliefs and intentions, and the usage of proceeds from the above-mentioned train of securities. The forward-looking statements contain dangers and uncertainties. Precise occasions might differ materially from these projected herein together with because of a change within the buying and selling worth of the Company’s frequent shares. Buyers ought to seek the advice of the Company’s ongoing quarterly and annual filings, in addition to every other further documentation comprising the Company’s public disclosure report, for extra info on dangers and uncertainties relating to those forward-looking statements. The reader is cautioned to not depend on these forward-looking statements. Topic to relevant legislation, the Company disclaims any obligation to replace 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.

For additional info: LAURION Mineral Exploration Inc., Cynthia Le Sueur-Aquin – President and CEO, Tel: 1-705-788-9186, Fax: 1-705-805-9256, Web site: http://www.LAURION .ca, Comply with us on Twitter: @LAURION_LME

Associated Hyperlinks

www.laurion.ca