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TORONTO, Sept. 18, 2020 /CNW/ - Laurion Mineral
Exploration Inc. (TSXV: LME) (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.