TORONTO, June 15 /CNW/ - Laurion Mineral Exploration Inc. (TSXV: LME) ("Laurion") is pleased to announce that it has retained San Diego Torrey Hills Capital, Inc. ("Torrey Hills Capital") as investor relations consultants.
Torrey Hills Capital is a leading financial public relations firm with its principal place of business located in California, USA, and specializes in providing investor relation services to small and micro-cap companies, primarily in the natural resource sector. Torrey Hills Capital will work to increase investors' awareness of Laurion by leveraging its established relationships with investment professionals, investment advisors, and money managers which are focused on the microcap market space; thereby allowing Laurion to build and maintain an informed investor audience in both the U.S and Canadian marketplace.
As part of its mandate, Torrey Hills Capital will develop a profile on Laurion for coverage on its website, www.babybulls.com, a website developed to showcase and provide exposure for emerging micro-cap companies to an audience of proven micro-cap investors.
Pursuant to a consulting agreement (the "Consulting Agreement"), Laurion has engaged Torrey Hills Capital for an initial term of three months at a monthly fee of US$5,000 with an option to extend such term at the mutual agreement of both parties. In addition, Laurion has granted Torrey Hills Capital an option to purchase 200,000 common shares of Laurion ("Common Shares" each a "Common Share") at a price of CDN$0.10 per Common Share (the "Options"). The issuance of the Options shall be subject to the attainment of necessary corporate and regulatory approvals as well as the terms of Laurion's stock option plan and will vest as follows: 25% upon signing of the Consulting Agreement (the "Effective Date"); 25% four months after the Effective Date; 25% 8 months after the Effective Date and the remaining 25% 12 months after the Effective Date. The Options shall not be exercisable until Laurion has adopted a "rolling" stock option plan which would enable Laurion to a reserve a maximum of 10% of its issued and outstanding shares for the issuance of options.
About Laurion Mineral Exploration Inc.
Laurion is an exploration company with key interests in prospective mining properties located in Ontario. Laurion's primary exploration focus is the identification of gold deposits; its exploration horizon also encompasses base metals and PGM's.
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.
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. 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.
SOURCE Laurion Mineral Exploration Inc.
For further information: For further information: Laurion Mineral Exploration Inc., Cynthia Le Sueur-Aquin, President, Tel: 1-705-788-9186, Fax: 1-705-788-9187, Website: www.laurion.ca