Precious Metals

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.

Laurion Mineral Exploration Inc. (TSXV: LME) (LME:CA">OTCPINK: LMEFF) ("LAURION" or the "Corporation") is pleased to announce the voting results of the Annual and Special Meeting of Shareholders of the Corporation that was held on September 17, 2020 (the "Meeting").

Election of Directors

Each of the nominees for election as directors listed in the Corporation's management information circular dated August 7, 2020 (the "Circular") were elected as directors of the Corporation for the ensuing year or until their successors are elected or appointed.

Other Items of Business Considered at the Meeting

Each of the following resolutions voted on at the Meeting were also passed:

  • Fixing the number of directors of the Corporation (and the number of directors to be elected at the Meeting) at four.
  • The reappointment of RSM LLP as auditors of the Corporation for the ensuing year and the authorization of the directors of the Corporation to fix their remuneration and the terms of their engagement.
  • The approval and ratification of the renewal of the Corporation's rolling stock option plan.

For further details regarding the matters considered at the Meeting, please refer to the Circular, which can be found under the Corporation's profile on SEDAR at www.sedar.com.

About LAURION

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 197,139,978 outstanding shares, of which approximately 71% 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. Ishkoday has a project-wide database (2008 to 2019) that includes 307 diamond drill holes totaling 48,879 m, geological mapping, ground and airborne geophysics, and 21,800 individual samples with assays and geochemical analysis. 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.

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 business, operations and condition, and management's objectives, strategies, beliefs and intentions. 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 a change in the trading price of the common shares of LAURION, 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, 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.

Cision View original content: http://www.newswire.ca/en/releases/archive/September2020/18/c3470.html

Laurion Mineral Exploration Inc., Cynthia Le Sueur-Aquin - President and CEO, Tel: 1-705-788-9186, Fax: 1-705-805-9256, Website: http://www.laurion.caCopyright CNW Group 2020

News Provided by Canada Newswire via QuoteMedia

Breaker Resources NL

Underground Study Opens Up High-Grade Potential Below Bombora Open Pit

Study builds on robust open pit outcomes, giving Bombora genuine scale with ongoing growth expected from other underground lodes

Breaker released a positive underground mining study of the Tura lode post-quarter. This is an important milestone and a fantastic result for Breaker as it starts to unveil the economic potential of a vast array of primary lodes beneath a very large open pit Resource that extends over a 3km distance.

Keep reading...Show less
Kairos Minerals

High-Grade Lithium Assays Confirm Significance of Spodumene-Bearing Pegmatite

Results of up to 1.91% Li2O just 4km from Pilbara Minerals’ Pilgangoora lithium-tantalum mine; Drilling being planned for September

Kairos Managing Director, Dr Peter Turner said: “The high-grade lithium results, combined with the confirmation of spodumene mineralogy, is a very exciting development.

Keep reading...Show less

Kinross announces senior management changes

Kinross Gold Corporation (TSX:K; NYSE:KGC) ("Kinross" or the "Company") today announced the appointment of Claude Schimper as Executive Vice-President and Chief Operating Officer, effective immediately. Paul Tomory, Executive Vice-President and Chief Technical Officer, will be leaving the Company on August 31, 2022 to pursue new opportunities.

In his new role, Mr. Schimper will be responsible for the operational success of the Company's recently re-positioned portfolio, with approximately 70% of Kinross' production now based out of the Americas.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Challenger Exploration

Challenger Exploration Quarterly Cash Flow Report

Challenger Exploration (ASX: CEL) (“CEL” or the “Company”) has released its Quarterly Cash Flow Report.

Keep reading...Show less
Challenger Exploration

Quarterly Report for The Period Ended 30 June 2022

Challenger Exploration (ASX: CEL) (“CEL” or the “Company”) is pleased to provide its Quarterly Activities Report for its Gold and Copper projects in Argentina and Ecuador for the period ended 30 June 2022 (“Quarterly”, “Reporting Period”).

Keep reading...Show less

Latest Press Releases

Related News

×