Laurion Mineral Exploration Inc. V.LME

Alternate Symbol(s): LMEFF

Metals & Mining Gold

Laurion Mineral Exploration Inc. is a Canada-based mid-stage junior exploration and development company. The Company is engaged in the acquisition, exploration and development of Canadian gold and base metal mineral resource properties. It is focused primarily on its wholly owned 57.43 square kilometers (km2) (14,191 acres) flagship brownfield, Ishkoday Gold and Polymetallic Project, located 220 kilometers (km) North-East of Thunder Bay, Ontario, Canada. Its 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. It holds a 100% interest in Brenbar, which consists of two mining leases covering 255 hectares contiguous and to the west of Ishkoday. It has a 100% interest in the Jubilee-Elmhirst, Beaurox and Twin Falls property. 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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