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 4:42pm

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Post# 34965435

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

Well it basically is free money, dilution is irrelevant to the company. It may be a concern for the shareholders but not the company. they can issue shares as long as there is appetite for them with little recourse. Fyi there are 254 million shares outstanding, another 7 million in outstanding options and warrants direct to the BoD, likely another 6m options/warrants to suppliers and existing shareholders, and then add the 10% rolling stock option plan we are being asked to renew this AGM for another 25million shares and that adds up to 292million shares. Ok so I rounded up to 300!

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