TORONTO, Dec. 31, 2012 /CNW/ - Laurion Mineral
Exploration Inc. (TSX-V: LME) and (OTCQX: LMEFF)
("Laurion" or the "Corporation") is announcing that
it has decided to grant, on December 31,
2012, a total of 3,130,000 stock options (the
"Options") to its board of directors (the "Board").
The Corporation's Compensation Committee will issue the Options to
the Board as compensation for each director's respective
contributions to Laurion over the last year.
Each of these Options will have a ten year term
and an exercise price of $0.05.
One-third of the Options will vest immediately, one-third of the
Options will vest on the first anniversary of their date of grant
and the remaining one-third of the Options will vest on the second
anniversary of their date of grant.
About Laurion Mineral Exploration
Inc.
Laurion Mineral Exploration Inc. is a junior
mining company focusing on the upside of its 100%-owned Sturgeon
River property, a high impact project with a primary focus on gold
and secondary focus in base metals.
With proven ability to develop early stage
projects and create shareholder value by monetizing its discoveries
and assets, Laurion has realized a total of $6.35 million in the last two years from
monetization of its assets. The Corporation's current focus is on
resource development at Sturgeon River, located in Beardmore, Ontario, approximately 220 km
northeast of Thunder Bay.
Neither the TSX Venture Exchange (the "TSX-V") nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX-V) 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. 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.
SOURCE Laurion Mineral Exploration Inc.