Laurion Announces Closing Of Private Placement Of Flow-Through Units

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[{"type":"text","content":"Laurion Announces Closing Of Private Placement Of Flow-Through Units\n(TheNewswire)\n\n    \n\n \n\n\nTHIS NEWS RELEASE IS INTENDED FOR\nDISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO\nUNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED\nSTATES.\n\n\nTORONTO, ONTARIO (December 22, 2025)\n– TheNewswire - LAURION Mineral Exploration Inc. (TSX.V:\nLME|OTC: LMEFF|FSE: 5YD) (“LAURION” or the\n“Corporation”) is pleased to announce that\nit has closed its previously-announced non-brokered private placement\n(the “Private\nPlacement”) consisting of flow-through units\n(the “FT Units”). Pursuant to the Private Placement, the Corporation\nissued 4,619,130 FT Units at a subscription price of $0.33 per FT\nUnit, for aggregate gross proceeds to the Corporation of $1,524,313.\n\n\n\nEach FT Unit consists of one\ncommon share of the Corporation (each, a “FT Share”) and\none-half of one common share purchase warrant (each, a “Warrant”). Each\nWarrant entitles the holder thereof to acquire one non flow-through\ncommon share of the Corporation at a price of\n$0.39 per share for a period of 24 months from the date of issuance.\nThe FT Shares and the Warrants comprising the FT Units qualify as\n“flow-through shares”, as defined in\nsubsection 66(15) of the Income Tax Act (Canada) (the “Tax Act”).\n\n\nThe gross proceeds of\nthe Private Placement will be used for “Canadian exploration\nexpenses” (within the meaning of the Tax Act), which will qualify,\nonce renounced, as “flow-through mining expenditures”, as defined\nin the Tax Act, which will be renounced with an effective date of no\nlater than December 31, 2025 (provided the subscriber deals at arm’s\nlength with the Corporation at all relevant times) to the initial\npurchasers of FT Units in an aggregate amount not less than the gross\nproceeds raised from the issue of the FT Units. LAURION intends to allocate the proceeds from the Private\nPlacement to advance the Corporation’s 2026 drill program on the\nIshkõday property. Planned drilling will focus on key areas within\nthe A-Zone/McLeod and CRK Trend, as well as the historic Sturgeon\nRiver Mine area. These zones have been...

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