Laurion Mineral Exploration Inc V.LME

Alternate Symbol(s): LMEFF

Metals & Mining Gold

Laurion Mineral Exploration Inc. is a Canada-based junior mineral exploration and development company. The Company is engaged in the acquisition, exploration, and development of mineral resource properties. The Company is focused primarily on its wholly owned 47 square kilometers (km2) flagship brownfield, Ishkoday Gold, located 220km North-East of Thunder Bay, Ontario, Canada. The Company’s Ishkoday is situated in the Onaman-Tashota Greenstone Camp in the Irwin, Walters, Elmhirst and Pifher Townships, located 25 km northeast of the Town of Beardmore, Ontario, and 220 km northeast of Thunder Bay, Ontario. The Company holds Twin Falls property, which is contiguous and lies west of the Ishkoday Project. The Company also holds a 100% interest in Jubilee-Elmhirst, and Beaurox. The Company also owns a 30% joint venture interest and Canadian Gold Miner Corp.

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Laurion Mineral Exploration Inc > Private Placement

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Comment by ilovexauon Sep 15, 2022 7:24am

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Post# 34963715

RE:RE:RE:RE:RE:RE:Private Placement

Of course this is a "sugar" deal for an existing shareholder. It is unlikely that this is going to someone new unless it was hugely strategic. As far as dilution.... Seriously? 500k shares on 250mil shares is .2 of a cent. (2 tenths of a cent) forget dilution on this scale. If you are concerned about dilution, get out. My guess you will see a float of 300M shares before they are done with warrants and options to investors and the board of directors. Even then the pay off will be huge. This is standard operating procedure.

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