Business
Laurion Announces Results of Annual and Special Meeting of Shareholders
TORONTO, ON / ACCESSWIRE / June 10, 2014 / Laurion Mineral Exploration Inc. (" Laurion " or th...
About this update from Laurion Mineral Exploration Inc.
[{"type":"text","content":"Laurion Announces Results of Annual and Special Meeting of ShareholdersTORONTO, ON / ACCESSWIRE / June 10, 2014 / Laurion Mineral Exploration Inc. (\"Laurion\" or the \"Corporation\") (TSX-V: LME) and (OTCQX: LMEFF) is pleased to announce the voting results from its annual and special meeting of shareholders held on June 6, 2014 (the \"Meeting\"). At the Meeting, the shareholders elected Michael Bourassa, David Burkes, Terrence Byberg, Gerard Lanthier, Cynthia Le Sueur-Aquin, Neil Westoll, Douglas Bolton and Joseph Campbell as directors of the Corporation.\nIn addition, shareholders also approved resolutions: (i) approving the re-appointment of Collins Barrow LLP, Chartered Accountants, as the auditors of the Corporation; (ii) ratifying and confirming the renewal of the Corporation’s rolling stock option plan; and (iii) approving the consolidation, upon final determination of the directors, of the Corporation’s issued and outstanding common shares into one new common share for up to every seven pre-consolidation common shares (the \"Share Consolidation\"). Notwithstanding approval by the shareholders of the Corporation, the Share Consolidation remains subject to approval by the TSX Venture Exchange (the \"TSX-V\"). In addition, the board of directors of the Corporation may, in its sole discretion, abandon the Share Consolidation without further approval or action by or prior notice to shareholders.\nFor details on the matters considered at the Meeting, please refer to the Corporation’s management information circular dated April 17, 2014, which can be found under the Corporation’s profile on SEDAR at http://www.sedar.com/.\nOutlook on the Ishkoday Discovery Property\nPositive drill results on the Ishkoday Discovery Property (the \"Ishkoday Discovery Property\") have identified a gold and base metal environment hosted in three base metal trends, 3,000m each in strike length, within a 1km wide corridor. The Corporation believes that its management of the short-term needs of shareholders, coupled with its long-term strategic planning for the development of a three-phase drilling program on the Ishkoday Discovery Property, and the creation of a defined business plan of growth through asset monetization and discovery, are value drivers. Having said this, the Corporation is of the firm opinion that a share ...