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Laurion Mineral Exploration Inc. (TSX VENTURE:LME - News; OTCQX:LMEFF) ("Laurion") is pleased to announce that it received
shareholder and final TSXV approval of its 10% rolling stock option plan (the
"Option Plan"), which replaced Laurion's
former fixed option plan, and its amended and restated shareholder rights
plan (the "Rights Plan"), which replaced the former shareholder
rights plan. Shareholder approval was obtained at the annual and special
meeting of shareholders held on November 5, 2010 and the TSXV granted final
approval of the Rights Plan and the Option Plan on December 1, 2010 and
December 3, 2010, respectively. A copy of each of the Option Plan and the
Rights Plan is available on SEDAR.
About Laurion
Mineral Exploration Inc.
Laurion's focus is to make the transition from
explorer to near-term producer. It envisages the realization of shareholder
value and wealth through monetization of its discoveries and assets. Laurion's exploration horizon is focused on gold (with a
secondary focus on base metals and PGEs). Laurion's
key proprietary interests are in prospective mining properties located in
Ontario, Canada and Nevada, USA.
Laurion is well-funded to complete the next
phases of drilling and exploration work on the Bell Mountain and Sturgeon
River Gold Projects. Laurion intends to
successfully advance these projects, moving it closer to being a near-term
producer.
This news release includes certain
forward-looking statements concerning the future performance of Laurion's business, operations and financial performance
and condition, as well as management's objectives, strategies, beliefs and
intentions. Such statements include, but are not limited to, statements
concerning the Option Plan and the Rights Plan. Forward-looking statements
are frequently identified by such words as "may", "will",
"plan", "expect", "anticipate",
"estimate", "intend" and similar words referring to
future events and results. Forward-looking statements are based on the
current opinions and expectations of management. All forward-looking
information is inherently uncertain and subject to a variety of assumptions,
risks and uncertainties, including the speculative nature of mineral
exploration and development, fluctuating commodity prices, competitive risks
and the availability of financing, as described in more detail in our recent
securities filings available at www.sedar.com.
Actual events or results may differ materially from those projected in the
forward-looking statements and Laurion cautions
against placing undue reliance thereon. Laurion and
its management assume no obligation to revise or update these forward looking
statements.
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Contact:
Cynthia Le Sueur-Aquin
Laurion Mineral Exploration Inc.
President
1-705-788-9186
1-705-788-9187 (FAX)
www.laurion.ca |
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