RE:RE:RE:RE:RE:New Press Release - LAURION Pays Financial Advisory Fee to US Capital Global Asked and answered!
Thanks Roger!
Roger A. J. Aquin (from FB)
FYI: The following should provide clarification/answer to the question; "what is the special committee function"? The following is from Cynthia: "The function of a LAURION (LME) Special Committee, is a committee set up by the LME Board specifically to evaluate special situations such as the retainer paid to US Global Capital. The LME Special Committee may bring in expertise, as the situation for consideration dictates. As LME moves forward and acquisition/buyout offer/s, and or nay other offers for consideration, the role of the LME Special Committee is to ensure that processes and policies are considered from all angles, as we have to recognize that the Ontario Commercial Court of Justice will review each and every LME document to approve the buyout transaction, including all special committee minutes, LME board resolutions, valuations, reports and third-party fairness opinions, to determine that the LME acquisition/buyout offer being presented to LME shareholders, is a fair offer and has considered all parties involved, including minority LME shareholders. Procedures and fiduciary duty to act in the best interest of the corporation's shareholders is key for LAURION."
Cynthia Le Sueur-Aquin
President and CEO - Laurion Mineral Exploration Inc.