- 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.
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(Top photo via Laurion Mineral Exploration Inc.)