Issued and Outstanding Common Shares
LME - 66,043,683
TORONTO, June 10 /CNW/ - Laurion Mineral Exploration Inc. (TSXV: LME)
("Laurion") is pleased to announce all matters respecting the 2003 action (the
"Action") commenced by Robert Norcott (former President of the Company),
Joan Norcott, William Norcott, and 1326725 Ontario Ltd. (collectively the
"Plaintiffs") in the Ontario Superior Court of Justice against Laurion and
certain other defendants, namely Cynthia Le Sueur-Aquin, Michael Bourassa,
Gerard Lanthier and Terrence Byberg, (collectively, the "Defendants") have
On September 11, 2007, counsel to the Plaintiffs advised the Court that
the Plaintiffs were withdrawing their claims against the Defendants and the
parties agreed that the Action would be dismissed against the Defendants.
Justice Morawetz ordered the Plaintiffs to pay the Defendants' costs in the
amount of $70,000. Last week, the Defendants were successful in fully
recovering on the judgment and also recovered an additional $16,000 toward the
costs of enforcing the judgment. The Defendants were represented by
Mr. William Chalmers of the Toronto law firm Aird & Berlis LLP. The Plaintiffs
were represented by a sole practitioner from North Bay, Ontario.
Laurion Mineral Exploration Inc. is an exploration specialist in
early-stage development or mineral properties with projects in Ontario.
Laurion's exploration horizons encompass not only gold, but also base metals
The TSX Venture Exchange does not accept 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. Neither Laurion nor its management assumes any
obligation to revise or update these forward-looking statements.
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, Jacqueline Wagenaar, Account Manager,
firstname.lastname@example.org, Tel: (416) 868-1079 x 289, Website: www.chfir.com