Laurion - Issued and Outstanding Common Shares - 66,043,683
TORONTO, Nov. 20 /CNW/ - Laurion Mineral Exploration Inc. (TSXV: LME) (the "Corporation") is announcing that it has granted a total of 1,350,000 stock options (the "Options") to its board of directors (the "Board"). The Corporation's Compensation Committee issued the Options to the Board as compensation for each directors' respective contributions to the Corporation over the last year.
The Options have a five year term and an exercise price of $0.10. Forty-percent (40%) of the Options vested immediately, thirty-percent (30%) will vest on the first anniversary of their date of grant and the remaining thirty-percent (30%) will vest on the second anniversary of their date of grant. The Options were granted on November 19, 2009.
About Laurion Mineral Exploration Inc.
Laurion is an exploration company with key interests in highly prospective properties in Ontario. Laurion's primary exploration focus will be the identification of gold deposits; its exploration horizon will also encompass base metals and PGEs.
"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. Neither Laurion nor its management assumes any 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: (705) 788-9186, Fax: (705) 788-9187, Website: www.laurion.ca; CHF Investor Relations, Jeanny So - Director of Operations, Email: firstname.lastname@example.org, Tel: (416) 868-1079 x 225, Website: www.chfir.com; To receive Company press releases, please email email@example.com and mention "Laurion News" on the subject line.