(TheNewswire)
TORONTO, ONTARIO - (May 3, 2024) – TheNewswire – Laurion Mineral Exploration Inc. (TSX.V:LME and OTCPINK: LMEFF) (“LAURION” or the“Corporation”) announced that its CEO andPresident, Cynthia Le Sueur-Aquin, intends to exercise a total of750,000 LAURION stock options, further solidifying her commitment tothe Corporation's vision and potential long-term growth.
Ms. Le Sueur-Aquin expects to exercise in full, aheadof their expiry, 500,000 options exercisable at $0.17 per share,expiring on June 2, 2025, and 250,000 options exercisable at $0.23 pershare, expiring on December 14, 2025 (held indirectly through hercompany, AquinTerra Inc.), representing a significant personalinvestment of $142,500 into the Corporation and its future.
“This decision reflects my unwavering confidence inLAURION's strategic direction, excellent exploration prospects onthe Ishkõday Project , and strong commitment todelivering shareholder value,” stated Ms. Le Sueur-Aquin. “As theCEO, President and largest shareholder of LAURION, I am fullydedicated to aligning my interests with those of our shareholders, andthis action underscores that commitment.”
She added, “I have full confidence in our talentedtechnical and financial teams to execute our strategic initiativesefficiently, ensuring sustainable growth and financial prosperity forour shareholders.”
Ms. Le Sueur-Aquin, who is also a director of theCorporation, currently intends to hold the common shares resultingfrom these option exercises for investment purposes. The options werepreviously granted by the Corporation on June 2, 2020 and December 14,2020, respectively.
AboutLAURION
The Corporation is a junior mineral exploration anddevelopment company listed on the TSX Venture Exchange under thesymbol LME and on the OTC under the symbol LMEFF. LAURION now has267,071,735 outstanding shares of which approximately 72% are ownedand controlled by Insiders who are eligible investors under the“Friends and Family” categories.
LAURION's emphasis is on the exploration anddevelopment of its flagship project, the 100% owned mid-stage 57.43km 2 Ishkõday Project, and its gold-richpolymetallic mineralization.
FOR FURTHER INFORMATION, CONTACT:
LAURION Mineral ExplorationInc.
Cynthia Le Sueur-Aquin – President and CEO
Tel: 1-705-788-9186
Fax: 1-705-805-9256
Douglas Vass - Investor Relations Consultant
Email: info@laurion.ca
Website: http://www.LAURION.ca
Follow us on Twitter: @LAURION_LME andInstagram laurionmineral
Caution Regarding Forward-LookingInformation
This press release containsforward-looking statements, which reflect the Corporation’s currentexpectations regarding future events including with respect toLAURION's business, operations and condition, management's objectives,strategies, beliefs and intentions, the timing and size of theexpected exercises of stock options described above, the common sharesresulting from the expected exercise of options, the Corporation’s strategic directionand potential long-term growth, the exploration prospects relating tothe Ishkõday Project , theCorporation’s ability to execute its strategic initiatives andadvance the Ishkõday Project, and the nature, focus, timing and potential results of theCorporation’s drilling programs and future exploration efforts. Theforward-looking statements involve risks and uncertainties. Actualevents and future results, performance or achievements expressed orimplied by such forward-looking statements could differ materiallyfrom those projected herein including as a result of a change in thetrading price of the common shares of LAURION, the interpretation andactual results of current exploration activities, changes in projectparameters as plans continue to be refined, future prices of goldand/or other metals, possible variations in grade or recovery rates,failure of equipment or processes to operate as anticipated, thefailure of contracted parties to perform, labor disputes and otherrisks of the mining industry, delays in obtaining governmentalapprovals or financing or in the completion of exploration, as well asthose factors disclosed in the Corporation’s publicly fileddocuments. Investors should consult the Corporation’s ongoingquarterly and annual filings, as well as any other additionaldocumentation comprising the Corporation’s public disclosure record,for additional information on risks and uncertainties relating tothese forward-looking statements. The reader is cautioned not to relyon these forward-looking statements. Subject to applicable law, theCorporation disclaims any obligation to update these forward-lookingstatements.
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