Laurion Continues Ongoing Private Placement
2012年1月7日 - 3:09PM
PR Newswire (Canada)
TORONTO, Jan. 10, 2012 /CNW/ - Laurion Mineral Exploration Inc. and
(OTCQX: LMEFF) ("Laurion" or the "Corporation") proposes to extend
the closing date of the second tranche (the "Extension") of its
ongoing private placement offering of units (the "Offering").
The second tranche of the Offering is expected to be completed
before the end of February. The Offering, which is being conducted
through an agent, is composed of a first tranche of flow-through
units (each, a "FT Unit"), which closed on December 28, 2011 for
aggregate gross proceeds of approximately $464,224, and a second
tranche of non-flow-through units (each, a "NFT Unit"), which is
ongoing. The FT Units consisted of: (i) one common share of
Laurion, which qualifies as a flow-through share pursuant to the
Income Tax Act (Canada); and (ii) one common share purchase warrant
(each, a "Warrant"). The NFT Units will consist of: (i) one
common share of Laurion, issued on a non-flow-through basis (each,
a "NFT Share"); and (ii) one Warrant. Each Warrant entitles,
or will entitle, the holder thereof to purchase, for a period of 24
months (the "Term") from the closing of the respective tranche
under which the Warrant was issued, one NFT Share at an exercise
price of $0.10 per NFT Share. 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, a portion
of which has been paid for the first tranche of the Offering which
closed on December 28, 2011. Each Agent's Warrant 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 Extension is subject to approval of
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 and the anticipated final closing
date of 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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