TORONTO, June 15,
2022 /CNW/ - LAURION Mineral Exploration Inc.
(TSXV: LME) (OTCPINK: LMEFF) ("LAURION" or the
"Corporation") announces that its President and Chief
Executive Officer, Cynthia Le
Sueur-Aquin, exercised an aggregate of 1,530,000 stock
options (the "Options") on June 15,
2022. Specifically, an aggregate of 1,530,000 common shares
of LAURION ("Common Shares") were acquired by Ms.
Le Sueur-Aquin upon the exercise of
720,000 Options at a price of $0.10
per share and the exercise of 810,000 Options at a price of
$0.05 per share. Ms. Le Sueur-Aquin, who is also a director of the
Corporation, currently intends to hold the Common Shares resulting
from these Option exercises for investment purposes. The Options
were previously granted by the Company on December 31, 2012, December 31, 2013 and March 13, 2015, respectively.
"LAURION is, and will remain, my largest personal investment by
a significant margin," states Ms. Le
Sueur-Aquin. "By exercising these Options with the aim of
holding the resulting Common Shares for investment purposes, I am
reconfirming my faith in the prospects of the Company. I am proud
of the progress and success that LAURION has experienced in recent
years, especially as it pertains to the continuing development of
its flagship Ishkoday Project."
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. The Corporation currently has 254,052,613
outstanding shares, of which approximately 82% of LAURION's issued
and outstanding shares 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 LinkedIn:
https://www.linkedin.com/in/cynthia-le-sueur-aquin-laurion-04b03017/
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 prospects, business,
operations and condition, management's objectives, strategies,
beliefs and intentions and the Common Shares resulting from the
issuance of Options. 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 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, global economic markets, 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.