Issued and Outstanding 34,445,776 Common Shares
TORONTO, Oct. 22 /CNW/ - Laurion Mineral Exploration Inc. (TSXV: LME)
("Laurion") is pleased to announce that, further to a recommendation of its
compensation committee received by the Board of Directors on October 17, 2007,
on October 21, 2007 it granted its President, Cynthia Le Sueur-Aquin, options
(the "Options") to purchase 500,000 common shares ("Common Shares") in its
share capital pursuant to its stock option plan, in recognition of Ms. Le
Sueur-Aquin's efforts as Laurion's President. The Options have a five-year
term and can be exercised at a price of $0.235 per Common Share. Forty percent
of the Options vest immediately, 30% will vest on the first anniversary of
their date of grant and the remaining 30% of the Options will vest on the
second anniversary of their date of grant. Ms. Le Sueur-Aquin now holds an
aggregate of 955,000 Options (375,000 granted on September 19, 2003; 80,000
granted on December 29, 2006).
Laurion 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.
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: Michael Bourassa, Secretary and a Director,
Laurion Mineral Exploration Inc., Tel: (416) 865-5455