Issued and Outstanding 35,995,776 Common Shares
TORONTO, Oct. 23 /CNW/ - Laurion Mineral Exploration Inc. (TSXV: LME)
("Laurion") is pleased to announce that pursuant to the option agreement (the
"Option Agreement") previously disclosed by press release on September 23,
2007, Laurion has paid $15,000 and has issued 100,000 of its common shares
(the "Shares") to certain persons (the "Optionors") in return for an option
(the "Option") to acquire a 100% of the legal and beneficial interest in
eleven mining claims located in the Cste Township in Timmins, Ontario. To
fully exercise the Option, Laurion must issue 200,000 additional Shares to the
Optionors and make further aggregate payments of $30,000 to the Optionors on
or before October 23, 2009.
Laurion Mineral Exploration Inc. is an early stage exploration specialist
company with projects in Ontario. Laurion's exploration horizons encompass not
only gold, but also base metals and PGE's.
This document may contain or refer to forward-looking information based
on current expectations. Forward-looking statements are subject to significant
risks and uncertainties, and other factors that could cause actual results to
differ materially from expected results. These forward-looking statements are
made as of the date hereof and we assume no responsibility to update or revise
them to reflect new events or circumstances.
The TSX Venture Exchange has neither approved nor disapproved the
information contained herein and does not accept responsibility for the
adequacy or accuracy of this release.
For further information:
For further information: Laurion Mineral Exploration Inc., Cynthia Le
Sueur-Aquin - President, Tel: (705) 788-9186, Fax: (705) 788-9187, Website:
www.laurion.ca; CHF Investor Relations - www.chfir.com, Barry Leung - Broker
Relations Account Manager, email@example.com, Tel: (416) 868-1079 ext.247; Kelly
Cody - Assoc. Account Manager, firstname.lastname@example.org, Tel: (416) 868-1079 ext.223