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Laurion Announces Proposed Private Placement of Flow-Through Units and Non Flow-Through Shares
(TheNewswire) TORONTO, ONTARIO – TheNewswire - (May 25, 2026) – LAURION Min...
About this update from Laurion Mineral Exploration Inc.
[{"type":"text","content":"Laurion Announces Proposed Private Placement of Flow-Through Units and Non Flow-Through Shares\n(TheNewswire)\n\n\nTORONTO, ONTARIO – TheNewswire - (May 25, 2026) – LAURION Mineral\nExploration Inc. (TSX.V: LME|OTC: LMEFF|FSE: 5YD) (“LAURION” or\nthe “Corporation”) today announced that it\nis proposing to complete a private placement on a non-brokered basis\n(the “Private\nPlacement”). The Corporation intends to raise\nup to approximately $1 million in gross proceeds by issuing a\ncombination of flow-through units (the “FT Units”) and non\nflow-through common shares of the Corporation (the “Non-FT Shares”).\nPursuant to the Private Placement, the FT Units will be issued at a\nprice of $0.26 per unit and the Non-FT Shares will be issued at a\nprice of $0.21 per share.\n\n\nEach FT Unit will consist of one\ncommon share of the Corporation to be issued as a “flow-through\nshare” (as defined in subsection 66(15) of the Income Tax Act (Canada) (the “Tax\nAct”)) (each, a “FT Share”) and one\ncommon share purchase warrant (each, a “Warrant”). Each\nWarrant will entitle the holder thereof to acquire one Non-FT\nShare at a price of $0.35 per share for a period\nof 24 months from the date of issuance.\n\n\nThe gross proceeds\nraised from the FT Units will be used to incur eligible “Canadian\nexploration expenses” (CEE) at the Corporation’s flagship Ishkõday Project that qualify as\n“flow-through mining expenditures”, as such terms are defined in\nthe Tax Act. LAURION intends to allocate the\nproceeds from the Private Placement to advance the Corporation’s\n2026 drill program on the Ishkõday property. The Corporation intends to use the net proceeds from the\nissue of Non-FT Shares for exploration activities and general working\ncapital purposes. In connection with the Private\nPlacement, the Corporation may pay finders’ fees in the form of cash\ncommissions and/or finder’s warrants.\n\n\nThe closing of the Private\nPlacement is subject to the approval of the TSX Venture Exchange (the “TSXV”). All\nsecurities that are issued pursuant to the Private Placement will be\nsubject to, among other things, a hold period of four mont...