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LAURION Pays Financial Advisory Fee to US Capital Global
LAURION Pays Financial Advisory Fee to US Capital Global Canada NewsWire TO...
About this update from Laurion Mineral Exploration Inc.
[{"type":"text","content":"\n \n \n \n LAURION Pays Financial Advisory Fee to US Capital Global\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 \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n Aug. 24, 2023\n \n \n /CNW/ -\n \n LAURION Mineral Exploration Inc.\n \n (TSXV: LME) (OTC: LMEFF)\n \n (\"LAURION\" or the \"Corporation\")\n \n is pleased to announce that it has paid a financial advisory fee to US Capital Global Partners LLC (\"\n \n US Capital Global\n \n \") in the amount of\n \n US$250,000\n \n . On\n \n August 23, 2023\n \n , the Corporation agreed to pay the financial advisory fee to US Capital Global, with the expectation that this will assist the Corporation and its recently formed Special Committee with continuing to explore opportunities and potential transactions that may be strategically beneficial to the Corporation and its stakeholders.\n \n \n Headquartered in\n \n San Francisco\n \n , US Capital Global is a global, full-service private financial group with an established track record in investment banking, asset management and capital formation services. The group provides sophisticated debt, equity and investment products to lower middle market companies and investors. Any securities that are offered by the group is done so through its FINRA-member, SEC-registered broker-dealer affiliate, US Capital Global Securities LLC.\n \n \n Pursuant to an agreement with a director of the Corporation, the fee payable to US Capital Global is recoverable by the Corporation if the Corporation does not secure a transaction to the Corporation's satisfaction as a result of, arising from or related to an engagement of US Capital Global. This agreement constitutes a \"related party transaction\" for the Corporation pursuant to Multilateral Instrument 61-101 –\n \n Protection of Minority Security Holders in Special Transactions\n \n (\"\n \n MI 61-101\n \n \"). The agreement is exempt from the formal valuation and minority shareholder approval requirements provided under MI 61-101 in accordance with section 5.5(a) and 5.7(1)(a) of MI 61-101. The Corporation is re...