On June 4, 2021, LAURION Mineral Exploration Inc. (TSXV:LME; OTCPINK:LMEFF) (“LAURION” or the “Corporation”) announced the closing of its non-brokered private placement (the “Private Placement”), consisting of an aggregate of 603,526 units. Pursuant to the Private Placement, the Corporation issued 369,400 flow-through units (the “FT Units”) at a subscription price of $0.67 per FT Unit and 234,126 non flow-through units (the “Non-FT Units”) at a subscription price of $0.63 per Non-FT Unit, for aggregate gross proceeds of $395,000.
Each FT Unit consists of one common share issued as a “flow-through share”, and one common share purchase warrant exercisable at a price of $0.72 per share (a “Warrant”). Each Non-FT Unit consists of one non flow-through common share and one Warrant.
LAURION is a junior mineral exploration and development company listed on the TSXV under the symbol LME and on the OTCPINK under the symbol LMEFF.
Jonathan Tong (Capital Markets & Securities) of Miller Thomson advised LAURION on the transaction.