On April 26, 2019, Laurion Mineral Exploration Inc. (“Laurion”) (TSXV: LME and OTCPINK: LMEFF) announced the closing of a non-brokered private placement for gross proceeds of $200,000. Laurion issued an aggregate of 2,000,000 flow-through shares at a subscription price of $0.10 per unit. Each flow-through share is a common share of Laurion.
Laurion is a junior mineral exploration and development company whose emphasis is on the development of its flagship project, the 100% owned mid-stage Ishkoday Gold Project, and its gold-silver and gold-rich polymetallic mineralization.
Miller Thomson advised Laurion with respect to this financing with a team led by Jonathan Tong (Capital Markets & Securities) and including Abid Ahmed (Corporate/M&A).