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