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Laurion Announces Upsize of Previously Announced Non-Brokered Private Placement of Units
Laurion Announces Upsize of Previously Announced Non-Brokered Private Placement of Units ...
About this update from Laurion Mineral Exploration Inc.
[{"type":"text","content":"\n\n\n\nLaurion Announces Upsize of Previously Announced Non-Brokered Private Placement of Units\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.prntal{\nTEXT-ALIGN: LEFT\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, Sept. 20, 2019\n\n\n\n/THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./\n TORONTO, Sept. 20, 2019 /CNW/ - LAURION Mineral Exploration Inc. (TSX.V: LME and OTCPINK: LMEFF) (\"LAURION\" or the \"Corporation\") today announced that, due to strong investor demand, it has increased the maximum size of its previously announced non-brokered private placement (the \"Private Placement\") to 2,994,118 units of the Corporation (the \"Units\") at a price of $0.17 per Unit for gross proceeds of up to $509,000.\nEach Unit will consist of one common share of the Corporation (each, a \"Common Share\") and one Common Share purchase warrant (each, a \"Warrant\"), with each Warrant entitling the holder thereof to acquire one additional Common Share at a price of $0.21 per share for a period of 24 months from the date of issuance.\nThe Corporation intends to use the net proceeds from the issue of Units for exploration activities and general working capital purposes.\nIn connection with the Private Placement, the Corporation may pay finders' fees in the form of cash commissions and/or finder's warrants having the same attributes as the Warrants.\nThe closing of the Private Placement is subject to the final approval of the TSX Venture Exchange (the \"TSX-V\"). All securities that are issued pursuant to the Private Placement will be subject to, among other things, a hold period of four months and one day in accordance with applicable Canadian securities laws. \nAbout LAURION Mineral Exploration Inc. \nThe Corporation is a junior mineral exploration and development company listed on the TSX-V under the symbol LME and on the OTCPINK under the symbol LMEFF. LAURION now has 165,630,869 outstanding shares of which 58.7% are owned and control...