Laurion Mineral Exploration Inc. today announced that it is proposing to complete a flow-through and non flow-through private placement on a non-brokered basis . Under the flow-through portion of the private placement, the Corporation intends to raise up to approximately $100,000 in gross proceeds by issuing up to approximately 606,061 flow-through units . Under the non flow-through portion of the private placement, the [...]
Laurion Mineral Exploration Inc. is pleased to announce the commencement of an Induced Potential survey as strategic part of the 2020 exploration program at the Corporation's wholly-owned Ishkoday Project , located 220km northeast of Thunder Bay, Ontario . Field crews are on-site cutting the grid for 40km of lines for the geophysics Survey over the Sturgeon Mine and the "A" Zone target sector, as well as the newly [...]
Laurion Mineral Exploration Inc. and is pleased to announce the appointment of Nick Ierfino as a new director of the Corporation. Mr. Ierfino is a chartered accountant and the founding partner of I&A Professional Corp., with over 37 years of experience in public accounting. Mr. Ierfino specializes in business advisory and restructuring, and has previously held positions at Arthur Andersen LLP and Olivetti Canada. Mr [...]
Laurion Mineral Exploration Inc. is pleased to announce that it has entered into an option agreement with Jubilee Gold Exploration Ltd., pursuant to which the Corporation has received an option to acquire up to a 100% undivided working interest in certain mining leases located in the Irwin Township of Thunder Bay, subject to the terms described below. Brenbar Project The Brenbar Project is contiguous with, and is situated [...]
Laurion Mineral Exploration Inc. is pleased to outline plans for the 2020 Exploration Program at the Corporation's wholly-owned Ishkoday Project , located 220 km northeast of Thunder Bay. Cynthia Le Sueur-Aquin, President and CEO of the Corporation stated, "Our 2019 exploration work identified three major gold-mineralized trends, Sturgeon River Mine, M25/Marge and Loki, which extends along strike for 2+km, 1.8+km and [...]
Laurion Mineral Exploration Inc. is pleased to announce that further to its previous announcements, the Corporation has closed the third and final tranche of its non-brokered private placement of flow-through units. Pursuant to the Third Tranche, the Corporation issued 550,000 Units at a price of $0.19 per Unit for aggregate gross proceeds to the Corporation of $104,500. Together with the first and second tranches of the [...]
Laurion Mineral Exploration Inc. is pleased to announce that, due to strong investor demand, it has increased the maximum size of its previously-announced non-brokered private placement to 5,789,473 flow-through units for gross proceeds to the Corporation of up to $1.1 million. As announced on November 1, 2019 and December 9, 2019, the Corporation has already raised an aggregate of $970,143 through the issuance of [...]
Laurion Mineral Exploration Inc. today announced that it has closed the second tranche of its previously-announced non-brokered private placement , with the second tranche consisting of an aggregate of 2,737,579 flow-through units at a subscription price of $0.19 per Unit for aggregate gross proceeds to the Corporation of $520,140. Together with the first tranche of the Private Placement, the Corporation has raised an [...]
Selected grab samples yielding up to 58 g/t gold and 140 g/t silver from the M25 Quartz Vein; 71 g/t gold and 15.60 g/t silver from the Marge Quartz Vein; and 32 g/t gold at the River East Zone. Additional selected grab samples from Sulphide Veins in the CRK Zone graded up to 9.56 g/t gold, 55 g/t silver, 30% zinc, 1.69% copper. Dec. 3, 2019 /CNW/ - Laurion Mineral Exploration Inc. is pleased to issue new assay results [...]
Laurion Mineral Exploration Inc. and is pleased to announce that its previously announced non-brokered private placement of units remains in progress due to continued investor interest, and any closing of a subsequent tranche of the Private Placement has been extended for a further 30 days from the date of this news release. On November 1, 2019, the Corporation announced that it has closed the first tranche of the Private [...]
Yielding interval channel results of 3.28m @ 1.46 g/t gold, 4.16 g/t silver, 3.09% zinc, in a mix Sulphide and Oxide-Sulphide Vein In addition to individual channel sample results of 0.33m @ 7.15 g/t gold, 170 g/t silver, 11.25% zinc in a Sulphide Vein / / Laurion Mineral Exploration Inc. is pleased to issue new assay results from channel sampling at the fifth newly discovered sulphide and [...]
Laurion Mineral Exploration Inc. today announced that it has closed the first tranche of its previously-announced non-brokered private placement , with the first tranche consisting of an aggregate of 2,368,438 units at a subscription price of $0.19 per Unit for aggregate gross proceeds to the Corporation of $450,000. Each Unit consists of one common share of the Corporation issued as a "flow-through share" of the Income [...]