Laurion Mineral Exploration to raise C$2M in private placement

• Laurion Mineral Exploration (OTCPK:LMEFF) launched a non-brokered private placement of up to 2.67M flow-through units at C$0.75/unit for gross proceeds of up to C$2M.
• Each FT unit consists of one share and one-half share purchase warrant wherein each warrant entitles the holder to purchase one non flow-through common share at C$0.82/share for 12 months from the date of issuance.
• As at the date hereof, the company has accepted subscription agreements for the private placement in aggregate gross proceeds of ~C$1.05M.
• Proceeds will be used for "Canadian exploration expenses".