TORONTO, Sept. 20, 2012 /CNW/ - Laurion Mineral Exploration Inc. (TSXV: LME) (OTCQX: LMEFF) ("Laurion" or the "Corporation") is pleased to announce that Douglas Bolton has been appointed Chief
Financial Officer and Director of the Corporation. Mr. Bolton will
assume the role of Chief Financial Officer from Mr. David Burkes who
has been the acting Chief Financial Officer for the Corporation. Mr.
Burkes will remain on the board of directors at Laurion.
Mr. Bolton is a member in-good-standing with the Institute of Chartered
Accountants of Ontario. During his career in public accounting, Mr.
Bolton spent over 25 years as a partner in an audit firm whose primary
focus was the auditing of reporting issuers listed on the TSX Venture
Exchange (the TSXV) who are involved in the extractive industries.
Those companies, primarily at the exploration and evaluation stage had
properties in Canada, Africa and throughout Central and South America.
Cynthia Le Sueur-Aquin, President and CEO of Laurion commented, "Mr. Bolton brings to Laurion more than 36 years of management and
accounting experience in both the private and public sectors, an
excellent knowledge of the financial reporting changes recently adopted
in this global economy, and an appreciation of the opportunities and
challenges faced by companies in the junior resource sector. The Board
of Directors of Laurion would like to thank Mr. Burkes for his
dedication, hard work and valued service over the years in his role as
Acting Chief Financial Officer".
Pursuant to the Corporation stock option plan, Mr. Bolton was granted
250,000 stock options at the exercise price of $0.10 per stock option,
vesting over a period of two years, which was included in his total
compensation package. In consideration for his services, Mr. Bolton
will also receive a monthly fee and reimbursement of approved
disbursements. The grant of options to Mr. Bolton remains subject to
the approval of the TSXV.
ABOUT LAURION MINERAL EXPLORATION INC.
The Corporation's focus is to realize shareholder value and wealth
through monetization of its discoveries and assets. Laurion's
exploration horizons are focused primarily on gold with a secondary
interest in base metals, with a key interest in a prospective mining
property located in Beardmore, Ontario, Canada.
Neither the TSXV nor its Regulation Services Provider (as that term is
defined in the policies of the TSXV) accepts responsibility for the
adequacy or accuracy of this news release.
This news release includes certain forward-looking statements concerning
the future performance of Laurion's business, operations and condition,
as well as management's objectives, strategies, beliefs and intentions.
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. 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 except as required by law.
SOURCE: Laurion Mineral Exploration Inc.
For further information:
Laurion Mineral Exploration Inc.
Cynthia Le Sueur-Aquin - President