TORONTO, Oct. 18,
2023 /CNW/ - LAURION Mineral Exploration Inc.
(TSXV: LME) and (OTCPINK: LMEFF) ("LAURION" or the
"Corporation"), a mid-stage junior exploration and
development company focused primarily on its wholly-owned Ishkoday
Project, wishes to announce that its Annual and Special Meeting of
shareholders (the "Meeting") will be held on Wednesday, November 15, 2023 at 12:00 p.m. (Eastern time). LAURION will host a
corporate update immediately after the Meeting to discuss the
Corporation's business strategy and objectives.
The following items of business will be considered at the
- Setting the number of directors of the Corporation to be
elected at the Meeting at three.
- The election of the Corporation's directors. As announced in
the Corporation's news release dated September 29, 2023, Nick
Ierfino resigned as a director of the Corporation due to
personal reasons, effective September 30,
2023, and will not be standing for re-election at the
Meeting. LAURION remains confident in the capabilities of its
dedicated board and management teams, and is steadfast in its
belief that the current composition of the Board of Directors
leaves the Corporation well-positioned for continued future
advancement. Moving forward, LAURION will continue to leverage its
relationships with key service providers and experts to support
these teams, as it deems appropriate.
- The reappointment of RSM LLP as auditors of the Corporation for
the ensuing year.
- The approval and ratification of the Corporation's "rolling"
stock option plan.
The timing of the Meeting was determined in consideration of the
timing and execution of LAURION's current summer/autumn exploration
To further its commitment to environmental sustainability and to
reduce its printing and mailing costs, LAURION uses the Notice and
Access process for the delivery of meeting materials. Under Notice
and Access, instead of receiving printed copies of the meeting
materials, shareholders receive a Notice and Access Notification
containing details of the Meeting date, location and purpose, and
information on how to access the meeting materials electronically.
The timing and process for voting at the Meeting are described in
detail in the Corporation's notice of meeting and management
information circular for the Meeting, which have been made
accessible to shareholders through Notice and Access and SEDAR+ at
www.sedarplus.ca. The record date for the Meeting is October 5, 2023.
General Corporate Update
The Corporation's 2023 autumn drilling campaign has commenced
and is comprised of approximately 3,675 metres of NQ drilling. The
drill program is focused on targeting the northeast extension of
the Sturgeon River Mine structure at the Ishkoday Project, located
220 km northeast of Thunder Bay
and 28 km northeast of the Township of Beardmore.
Fieldwork will continue as long as the weather conditions
prevail. Utilization of LiDAR, the magnetic geophysical survey
completed earlier this year, in conjunction with the Corporation's
3D model, has proved to be most successful in structural and
mapping work completed to date.
The technical contents of this release were reviewed and
approved by Jean-Philippe Paiement,
PGeo, MSc, a consultant to LAURION, and a qualified person as
defined by National Instrument 43-101 – Standards of Disclosure for
About LAURION Mineral
The Corporation is a junior mineral exploration and development
company listed on the TSX Venture Exchange under the symbol LME and
on the OTC under the symbol LMEFF. LAURION now has 258,091,594
outstanding shares of which approximately 80% are owned and
controlled by Insiders who are eligible investors under the
"Friends and Family" categories.
LAURION's emphasis is on the exploration and development of its
flagship project, the 100% owned mid-stage 47 km2
Ishkoday Project, and its gold-rich polymetallic
LAURION's chief priority remains maximizing shareholder
value while simultaneously embracing and considering the principles
and best practices of environmental, social, and corporate
governance (ESG) issues. A large portion of the Corporation's focus
in this regard falls within the ambit of its mineral exploration
activities and more specifically, advancing the Ishkoday
Follow us on Twitter: @LAURION_LME
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, including in regards to the Corporation's
drill program and fieldwork at the Ishkoday Project. 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, including the Corporation's drill program, 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.