TORONTO, July 15 /CNW/ - On June 29, 2010, Laurion Mineral Exploration Inc. (TSXV: LME) ("Laurion") issued a press release announcing that it had entered into an exploration and option agreement (the "Agreement") among Globex Mining Enterprises Inc. (TSXV:GMX, (G1M-Frankfurt)) ("Globex") of Rouyn-Noranda, Quebec and Globex Nevada Inc., (a wholly owned subsidiary of Globex) in which Laurion's wholly owned subsidiary, Laurion Mineral Exploration USA LLC ("Laurion Subsidiary") has received the option to acquire a 100% interest in the Bell Mountain Gold Project located in Churchill County, Nevada. For further details pertaining to the Agreement, please refer to Laurion's press release dated June 29, 2010.
Laurion is pleased to announce that it has received all necessary corporate and regulatory approvals with respect to the above transaction with Globex and confirms that the transaction has now closed.
About Laurion Mineral Exploration Inc.
Laurion is an exploration company with key interests in prospective mining properties located in Ontario and Nevada USA. 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