Laurion is announcing that it has decided to grant, on December 31, 2013, a total of 1,870,000 stock options (the "Options") to its board of directors. 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 [...]
Laurion Mineral is pleased to announce results of a prospecting program which was carried out in October 2013. Several new zones were discovered in the summer during field visits which warranted the execution of channel sampling and assays. The recent results highlight the potential of the Tehya, Loki and River Trends, indicative in the continuous discoveries of additional zones found proximal to, and on the three Trends [...]
Laurion is pleased to report the assay results from property-wide samples collected in May as well as follow-up sampling of the Bjorkman zone, on its Midlothian property. An initial grab sample from the Bjorkman zone assayed 12,700 g/t Au and a second grab sample collected 5 m away assayed 296 g/t Au (see news release of July 23, 2013). Laurion spent two days on the property in July collecting an additional seven chip [...]
Laurion is pleased to announce that it has closed the first tranche of a private placement consisting of 3,333,332 flow-through units at a price of $0.06 per Unit for aggregate gross proceeds of $199,999.92. Please note that the Offering remains subject to the final approval of the TSX Venture Exchange. Each Unit consists of: (i) one common share of Laurion, which qualifies as a flow-through share pursuant to the Income [...]
Laurion Mineral is pleased to report that a grab sample collected in May from a quartz vein/alteration zone, named the Bjorkman zone, on its Midlothian property assayed 12,700 g/t Au. A second grab sample collected from the same zone 5 m away assayed 296 g/t Au. Grab samples are selective by nature and are unlikely to represent average grades of the deposit. The Midlothian property consists of 11 claims (152 claim units [...]
Laurion Mineral is pleased to report that it has filed a National Instrument 43-101 compliant technical report related to its press release issued on April 23, 2013. The Technical Report is available under the Company's profile on SEDAR and on the Company's website. Laurion's consultants GeoVector Management have prepared NI 43-101 Indicated resource estimates for the Ishkoday Property, located approximately 28km [...]
Laurion Mineral is pleased to announce the voting results from its annual and special meeting of shareholders held on June 7. At the Meeting, the shareholders elected Michael Bourassa, David Burkes, Terrence Byberg, Gerard Lanthier, Cynthia Le Sueur-Aquin, Neil Westoll, Douglas Bolton and Joe Campbell as directors of the Company. In addition, shareholders also approved resolutions: (i) approving the re-appointment of [...]
Laurion Mineral is pleased to announce that NI 43-101 Measured and Indicated resource estimates have been prepared by Laurion's consultants GeoVector Management for Laurion's Ishkoday Property, located approximately 28km northeast of Beardmore, Ontario. The resource estimates are for the low grade stockpile accumulated during mining operations of the old Sturgeon River Gold mine on the Ishkoday property from 1936 to [...]
Laurion Mineral announces the adoption by its board of directors of amendments to its by-laws to include advance notice provisions requiring that advance notice be provided to the Company in circumstances where nominations of persons for election to the Board are made by shareholders other than pursuant to: (i) a requisition to call a shareholders meeting; or (ii) a shareholder proposal, in each case as made in accordance [...]
Laurion Mineral is pleased to announce that it will open the market at the Toronto Stock Exchange Wednesday April 10, 2013, to celebrate the Corporation's 68th year of listing and trading of Laurion Common shares. Cynthia le Sueur-Aquin, President and CEO of Laurion stated, "We are pleased to have been selected by the TSX Venture to participate in this honour. This event signifies an important milestone in unveiling the [...]
Laurion Mineral is very pleased to announce that through collaborative participation with Animbiigoo Zaagi'igan Anishinaabek, Bingwi Neyaashi Anishinaabek, Biinjitiwaabik Zaaging Anishinaabek, Rocky Bay First Nation, Red Sky Independent Métis First Nations and Métis Nation of Ontario, the Sturgeon River property was renamed the "Ishkoday" Property. The new project name was chosen through a draw of names submitted by the [...]
Laurion Mineral is pleased to report on progress and the successful developments of Laurion. In 2012, Laurion attained significant progress on a number of key objectives on the Sturgeon River property; most importantly, substantial progress was achieved with our exploration programs, such that we look forward with confidence to continue resource definition drilling in 2013. In the last 2 years, Laurion's efforts on the [...]
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