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 DAM$on Sep 20, 2022 9:44am

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Post# 34973401

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

A typical diamond drill program probably costs north of $200 per meter. LME has over $8 million in the bank, so more than enough to drill another 30000 meters.

Even if they needed to raise more capital it would be at $1 plus a share therefore not substantially diluting our shares as it did in the past. I am guessing that this little 500000 placement will turn out to be strategic as they obviously didn't need the cash. We will likely find out at the AGM that they have brought someone new into the mix.

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