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. > Stock Options - Steve forfeited 250,000 options

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Comment by ahsineegon Jun 12, 2024 7:08pm

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Post# 36086038

RE:RE:RE:RE:RE:RE:RE:Stock Options - Steve forfeited 250,000 options

He didn't have the option to exercise his options. 1/3 of his options would have been available to exercise on his 1 year anniversary working for LME, another 1/3 on the 2nd anniversary, and the final 1/3 on the 3rd anniversary. This is the standard LME vesting schedule for options. It ensures that options are only going to folks that stay with the company for the long run.

All the work he did for LME was effectively done for free and without compensation.

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