Laurion Announces Closing Of Private Placement Of Flow-Through Units

Core Viewpoint - LAURION Mineral Exploration Inc. has successfully closed a non-brokered private placement, raising a total of $1,524,313 through the issuance of flow-through units to fund its exploration activities on the Ishkõday property [1][3]. Group 1: Private Placement Details - The private placement involved the issuance of 4,619,130 flow-through units at a price of $0.33 per unit, resulting in gross proceeds of $1,524,313 [1][2]. - Each flow-through unit consists of one common share and one-half of a common share purchase warrant, with each warrant allowing the purchase of one non flow-through common share at $0.39 for 24 months [2]. - The proceeds will be allocated to Canadian exploration expenses, qualifying as flow-through mining expenditures, to support the 2026 drill program on the Ishkõday property [3]. Group 2: Exploration Focus - The drilling program will target key areas within the A-Zone/McLeod and CRK Trend, as well as the historic Sturgeon River Mine area, based on structural characteristics and past drill results [3]. - The company aims to advance its understanding of the broader mineralized system through this exploration [3]. Group 3: Company Overview - LAURION is a mid-stage junior mineral exploration and development company, focusing on its flagship 57 km² Ishkõday Project, which features gold-rich polymetallic mineralization [6][7]. - The company has 278,716,413 outstanding shares, with approximately 73.6% owned by insiders eligible under "Friends and Family" categories [6]. - Maximizing shareholder value remains a priority, with the company positioned as a potential acquisition target due to its advancements in mineral exploration [8].