Laurion Announces Proposed Non-Brokered Private Placement Of Flow-Through Shares
(via TheNewswire)
TORONTO, ONTARIO (April 10, 2024) – LAURION Mineral Exploration Inc. (TSX.V: LME and OTCPINK: LMEFF) (“LAURION” or the “Corporation”) today announced that it is proposing to complete a flow-through private placement on a non-brokered basis (the “Private Placement“). The Corporation intends to raise up to approximately $1.7 million in gross proceeds by issuing up to approximately 3,777,778 flow-through shares (the “FT Shares“) at a price of $0.45 per FT Share.
Each FT Share will be a common share of the Corporation issued as a “flow-through share” (as defined in subsection 66(15) of the Income Tax Act (Canada) (the “Tax Act“)). The gross proceeds will be used for “Canadian exploration expenses” (within the meaning of the Tax Act), which will qualify, once renounce...