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LAURION ANNOUNCES CLOSING OF ADDITIONAL PRIVATE PLACEMENT OF FLOW-THROUGH UNITS
LAURION ANNOUNCES CLOSING OF ADDITIONAL PRIVATE PLACEMENT OF FLOW-THROUGH UNITS ...
About this update from Laurion Mineral Exploration Inc.
[{"type":"text","content":"\n \n \n \n LAURION ANNOUNCES CLOSING OF ADDITIONAL PRIVATE PLACEMENT OF FLOW-THROUGH UNITS\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n / THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN\n \n CANADA\n \n ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n . /\n \n \n \n \n TORONTO\n \n ,\n \n Dec. 31, 2021\n \n /CNW/ -\n \n LAURION Mineral Exploration Inc.\n \n (TSX.V: LME) (OTCPINK: LMEFF)\n \n (\"LAURION\" or the \"Corporation\")\n \n is pleased to announce that it has closed its previously-announced non-brokered private placement (the \"\n \n Private Placement\n \n \") consisting of flow-through units (the \"\n \n FT Units\n \n \"). Pursuant to the fully-subscribed Private Placement, the Corporation issued 766,666 FT Units at a subscription price of\n \n $0.75\n \n per FT Unit, for aggregate gross proceeds to the Corporation of approximately\n \n $575,000\n \n .\n \n \n The Private Placement resulted from strong investor demand for the Corporation's previous private placement, which closed on\n \n December 8, 2021\n \n on substantially similar terms. Following the closing of the Private Placement, LAURION has raised an aggregate of approximately\n \n $2,575,000\n \n in gross proceeds from its two financings completed in\n \n December 2021\n \n .\n \n \n Each FT Unit consists of one common share of the Corporation issued as a \"flow-through share\" (as defined in subsection 66(15) of the\n \n Income Tax Act\n \n (\n \n Canada\n \n ) (the \"\n \n Tax Act\n \n \")) (each, a \"\n \n FT Share\n \n \") and one-half of one common share purchase warrant (each, a \"\n \n Warrant\n \n \"). Each Warrant entitles the holder thereof to acquire one non flow-through common share of the Corporation at a price of\n \n $0.82\n \n per share for a period of 12 months from the date of issuance.\n \n \n The gross proceeds allocable to the FT Shares comprising the FT Units will be used for \"Canadian exploration expen...