Business
LAURION Announces President and CEO's Increased Stake in the Corporation and Provides Strategic Update
(TheNewswire) TORONTO, ONTARIO – October 3, 2024 – TheNewswire ȁ...
About this update from Laurion Mineral Exploration Inc.
[{"type":"text","content":"LAURION Announces President and CEO's Increased Stake in the Corporation and Provides Strategic Update \n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n TORONTO, ONTARIO –\nOctober 3, 2024\n \n\n\n –\nTheNewswire – LAURION Mineral Exploration Inc. (TSX.V: LME and\nOTCPINK: LMEFF) (“LAURION” or the “Corporation”)\n \n\n is pleased to announce that the Corporation's President and\nChief Executive Officer,\n \n\n Cynthia Le\nSueur-Aquin\n \n\n , has exercised a total of\n \n\n 750,000 stock options\n \n\n since a\n \n\n\n\n nnouncing\nher intention to do so on May 3, 2024, which further solidifies her\ncommitment to LAURION’s vision and potential long-term growth. The\noptions were exercised in full prior to their respective expiry dates\nand have been reported on the System for Electronic Disclosure by\nInsiders (SEDI).\n \n\n\n\n Ms. Le Sueur-Aquin exercised 500,000 stock options at\n$0.17 per share, which were set to expire on\n \n\n June 2, 2025\n \n\n , and then subsequently\nexercised an additional 250,000 stock options at $0.23 per share,\nwhich were set to expire on\n \n\n December 14,\n2025\n \n\n , representing a total investment of\n \n\n $142,500\n \n\n into\nLAURION.\n \n\n\n\n Following the aforementioned transactions, Ms. Le\nSueur-Aquin now directly or indirectly holds an aggregate of\n \n\n 17,221,306 common shares\n \n\n of LAURION, maintaining her position as the\n \n\n Corporation's largest shareholder\n \n\n .\n \n\n\n\n Ms. Le Sueur-Aquin commented: \"This significant\npersonal investment reflects my ongoing confidence in LAURION’s\nfuture and our strategic initiatives. As we advance our exploration\nefforts, particularly at the Ishkõday Project, I remain steadfast in\nmy commitment to helping LAURION achieve long-term growth and deliver\nvalue for its shareholders.\"\n \n\n\n\n Strategic Update\n \n\n\n\n LAURION’s principal focus is to maximize shareholder\nvalue by continuing to advance the Ishkõday Project while also\nexploring potential strategic alternatives and transactional\nopportunities. Specifically,\n \n\n LAURION’s\nexploration and corporate objectives are primarily comprised of the\nfollowing:\n \n\n\n\n 1.\n \n\n Advancing the Ishkõday Project\n \n\n\n\n LAURION will continue its exploration and d...