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LAURION ANNOUNCES PROPOSED NON-BROKERED PRIVATE PLACEMENT OF FLOW-THROUGH UNITS
LAURION ANNOUNCES PROPOSED NON-BROKERED PRIVATE PLACEMENT OF FLOW-THROUGH UNITS ...
About this update from Laurion Mineral Exploration Inc.
[{"type":"text","content":"\n \n \n \n LAURION ANNOUNCES PROPOSED NON-BROKERED 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 \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 \n \n TORONTO\n \n \n ,\n \n \n Sept. 14, 2022\n \n \n /CNW/ -\n \n LAURION Mineral Exploration Inc.\n \n (TSXV: LME) (OTCPINK: LMEFF)\n \n (\"LAURION\" or the \"Corporation\")\n \n today announced that it is proposing to complete a flow-through private placement on a non-brokered basis (the \"\n \n Private Placement\n \n \"). The Corporation intends to raise up to approximately\n \n $550,000\n \n in aggregate gross proceeds by issuing up to approximately 523,810 flow-through units (the \"\n \n FT Units\n \n \") at a price of\n \n $1.05\n \n per FT Unit.\n \n \n Each FT Unit will consist of one common share of the Corporation (an \"\n \n FT Share\n \n \") and one-half of one common share purchase warrant (each whole common share purchase warrant, a \"\n \n Warrant\n \n \"). Each whole Warrant will entitle the holder thereof to acquire one non flow-through common share of the Corporation at a price of\n \n $1\n \n .15 per share for a period of 12 months from the date of issuance. The FT Shares and the Warrants comprising the FT Units will qualify as \"flow-through shares\", 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 \").\n \n \n As at the date hereof, the Corporation has accepted subscription agreements for the Private Placement in aggregate gross proceeds of approximately\n \n $550,000\n \n .\n \n \n The gross proceeds of the Private Placement will be used for \"Canadian exploration expenses\" (within the meaning of the Tax Act), which will qualify, once renounced, as \"flow-through mining expenditures\", as defined in the Tax Act, which will be renounced with a...