TORONTO, Dec. 31, 2012 /CNW/ - Laurion Mineral Exploration Inc. (TSX-V: LME) and (OTCQX: LMEFF) ("Laurion" or the "Corporation") is announcing that it has decided to grant, on December 31, 2012, a
total of 3,130,000 stock options (the "Options") to its board of directors (the "Board"). The Corporation's Compensation Committee will issue the Options to
the Board as compensation for each director's respective contributions
to Laurion over the last year.
Each of these Options will have a ten year term and an exercise price of
$0.05. One-third of the Options will vest immediately, one-third of the
Options will vest on the first anniversary of their date of grant and
the remaining one-third of the Options will vest on the second
anniversary of their date of grant.
About Laurion Mineral Exploration Inc.
Laurion Mineral Exploration Inc. is a junior mining company focusing on
the upside of its 100%-owned Sturgeon River property, a high impact
project with a primary focus on gold and secondary focus in base
With proven ability to develop early stage projects and create
shareholder value by monetizing its discoveries and assets, Laurion has
realized a total of $6.35 million in the last two years from
monetization of its assets. The Corporation's current focus is on
resource development at Sturgeon River, located in Beardmore, Ontario,
approximately 220 km northeast of Thunder Bay.
Neither the TSX Venture Exchange (the "TSX-V") nor its Regulation Services Provider (as that term is defined in the
policies of the TSX-V) 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