Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Laurion president and CEO increases stake in the junior mining stock

Jonathon Brown Jonathon Brown, The Market Online
0 Comments| October 3, 2024

{{labelSign}}  Favorites
{{errorMessage}}

  • Laurion Mineral Exploration’s (TSXV:LME) president and CEO, Cynthia Le Sueur-Aquin, has increased her stake in the company
  • In an update from the multi-bagger junior miner, the company stated that she has exercised a total of 750,000 stock options
  • Following these transactions, she now directly or indirectly holds an aggregate of 17,221,306 common shares of the company, maintaining her position as its largest shareholder
  • Laurion Mineral Exploration stock (TSXV:LME) opened trading at $0.41 per share

Laurion Mineral Exploration’s (TSXV:LME) president and CEO, Cynthia Le Sueur-Aquin, has increased her stake in the company.

In an update from the multi-bagger junior miner, the company stated that she has exercised a total of 750,000 stock options.

Since announcing her intent to do so back in May 2024, CEO Le Sueur-Aquin exercised 500,000 stock options at $0.17 per share, which were set to expire on June 2, 2025, and then she exercised another 250,000 stock options at $0.23 per share, which were set to expire on Dec. 14, 2025, representing a total investment of $142,500 into Laurion.

Following these transactions, she now directly or indirectly holds an aggregate of 17,221,306 common shares of the company, maintaining her position as its largest shareholder.

“This significant personal investment reflects my ongoing confidence in Laurion’s future and our strategic initiatives,” Le Sueur-Aquin said in a statement. “As we advance our exploration efforts, particularly at the Ishkõday Project, I remain steadfast in my commitment to helping Laurion achieve long-term growth and deliver value for its shareholders.”

She added that she intends to hold the common shares for investment purposes.

Laurion is a junior mineral exploration and development company focused on its gold-rich polymetallic Ishkõday project 220 kilometres northeast of Thunder Bay, Ontario. Insiders own approximately 72 per cent of outstanding shares.

Laurion Mineral Exploration stock (TSXV:LME) opened trading at $0.41 per share. Though the stock has lost nearly 14 per cent since the year began, it has risen a little more than 5 per cent in the past three months.

Join the discussion: Find out what everybody’s saying about this multi-bagger junior gold, silver and copper mining stock on the Laurion Mineral Exploration Inc. Bullboard and check out Stockhouse’s stock forums and message boards.

The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.

(Top photo via Laurion Mineral Exploration Inc.)



Tags:

{{labelSign}}  Favorites
{{errorMessage}}


Get the latest news and updates from Stockhouse on social media

Follow STOCKHOUSE Today

Featured Company