Laurion Announces Maximum $1.3 Million Proposed Private Placement
2011年11月21日 - 10:38PM
PR Newswire (Canada)
TORONTO, Nov. 24, 2011 /CNW/ - Laurion Mineral Exploration Inc.
(OTCQX: LMEFF) ("Laurion" or the "Corporation") announces that it
has entered into an Engagement Letter with Macquarie Private Wealth
Inc. ("Macquarie" or the "Agent") for the proposed private
placement of up to 18,750,000 units of the Corporation for maximum
of up to $1.3 million (the "Offering"). The Offering consists of a
maximum of 8,750,000 flow-through units at $0.08 per unit (the "FT
Units") for maximum gross proceeds of $700,000, and a maximum of
10,000,000 non flow-through units at $0.06 per unit (the "NFT
Units" and collectively with the FT Units, the "Units"), for
maximum gross proceeds of $600,000. The Corporation intends to
close the Offering on or about December 9, 2011. Each NFT Unit
consists of one non flow-through common share in the capital of the
Corporation (an "NFT Share") and one common share purchase warrant
(a "Warrant"). Each Warrant entitles the holder to purchase one
additional common share at an exercise price of $0.08 per share for
24 months from the date of closing. Each FT Unit consists of
one flow-through common share in the capital of the Corporation (a
"FT Share") and a warrant. The FT Shares, NFT Shares and Warrants
are subject to resale restrictions for a period of four months and
one day from the date of issuance. In connection with the Offering,
the Corporation has agreed to pay a cash commission equal to 9% of
the gross proceeds of the Offering and shall issue that number of
warrants (each an "Agent's Warrant") as is equal to 10% of the
aggregate number of Units sold pursuant to the Offering. Each
Agent's Option shall entitle the Agent to purchase one NFT share at
an exercise price of $0.06 per NFT share for a period of 24 months
from the date of issuance of the Warrant. The Offering is subject
to the regulatory approval by the TSX Venture Exchange. The
Corporation intends to use the proceeds of the Offering to finance
the following: -- Drilling, exploration and development of the
5,082 hectare Sturgeon River property, Beardmore, Ontario; --
Relevant technical work requirements to bring the Bell Mountain
property in Nevada towards production; and -- General corporate
purposes About Laurion Mineral Exploration Inc. The Corporation's
focus is to make the transition from explorer to producer and
envisages the realization of shareholder value and wealth through
monetization of its discoveries and assets. Laurion's exploration
horizons are focused primarily on gold with a secondary interest in
base metals with key interests in prospective mining properties
located in Ontario, Canada and Nevada, USA. Neither TSX Venture
Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this news release.
This news release includes certain forward-looking statements
concerning the future performance of Laurion's business, operations
and condition, as well as management's objectives, strategies,
beliefs and intentions. Such statements include, but are not
limited to, statements concerning, among other things, the intended
use of proceeds raised from the Offering. Forward-looking
statements are frequently identified by such words as "may",
"will", "plan", "expect", "anticipate", "estimate", "intend" and
similar words referring to future events and results.
Forward-looking statements are based on the current opinions and
expectations of management. All forward-looking information is
inherently uncertain and subject to a variety of assumptions, risks
and uncertainties, including the speculative nature of mineral
exploration and development, fluctuating commodity prices,
competitive risks and the availability of financing. Actual events
or results may differ materially from those projected in the
forward-looking statements and Laurion cautions against placing
undue reliance thereon. Laurion and its management assume no
obligation to revise or update these forward looking statements
except as required by law. Laurion Mineral Exploration Inc.
CONTACT: Laurion Mineral Exploration Inc.Cynthia Le Sueur-Aquin -
PresidentTel: 1-888-212-4070Tel: 1-705-788-9186Fax:
1-705-788-9187Website: www.laurion.ca
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