TORONTO, Aug. 24,
2023 /CNW/ - LAURION Mineral Exploration Inc.
(TSXV: LME) (OTC: LMEFF) ("LAURION" or the
"Corporation") is pleased to announce that it has paid a
financial advisory fee to US Capital Global Partners LLC ("US
Capital Global") in the amount of US$250,000. On August 23,
2023, the Corporation agreed to pay the financial advisory
fee to US Capital Global, with the expectation that this will
assist the Corporation and its recently formed Special Committee
with continuing to explore opportunities and potential transactions
that may be strategically beneficial to the Corporation and its
stakeholders.
Headquartered in San Francisco,
US Capital Global is a global, full-service private financial group
with an established track record in investment banking, asset
management and capital formation services. The group provides
sophisticated debt, equity and investment products to lower middle
market companies and investors. Any securities that are offered by
the group is done so through its FINRA-member, SEC-registered
broker-dealer affiliate, US Capital Global Securities LLC.
Pursuant to an agreement with a director of the Corporation, the
fee payable to US Capital Global is recoverable by the Corporation
if the Corporation does not secure a transaction to the
Corporation's satisfaction as a result of, arising from or related
to an engagement of US Capital Global. This agreement constitutes a
"related party transaction" for the Corporation pursuant to
Multilateral Instrument 61-101 – Protection of Minority Security
Holders in Special Transactions ("MI 61-101"). The
agreement is exempt from the formal valuation and minority
shareholder approval requirements provided under MI 61-101 in
accordance with section 5.5(a) and 5.7(1)(a) of MI 61-101. The
Corporation is relying on an exemption from the formal valuation
and minority shareholder approval requirements of MI 61-101
available because the fair market value of the agreement does not
exceed 25% of the Corporation's market capitalization, as
determined in accordance with MI 61-101.
About LAURION Mineral Exploration
Inc.
The Corporation is a junior mineral exploration and development
company listed on the TSXV under the symbol LME and on the OTC
under the symbol LMEFF. LAURION now has 257,159,855 outstanding
shares of which approximately 80% are owned and controlled by
Insiders who are eligible investors under the "Friends and Family"
categories.
LAURION's emphasis is on the exploration and development of its
flagship project, the 100% owned mid-stage 47 km2
Ishkoday Project, and its gold-rich polymetallic
mineralization.
LAURION's chief priority remains maximizing shareholder
value while simultaneously embracing and considering the principles
and best practices of environmental, social, and corporate
governance (ESG) issues. A large portion of the Corporation's focus
in this regard falls within the ambit of its mineral exploration
activities and more specifically, advancing the Ishkoday
Project.
About US Capital Global
Established in 1998, US Capital Global leverages the latest
FinTech and RegTech innovation to provide sophisticated debt,
equity, and investment products to lower middle market companies
and investors. The US Capital Global group manages direct
investment funds and provides wealth management and capital
formation services through its affiliates, including US Capital
Global Investment Management LLC, US Capital Global Wealth
Management LLC, and its FINRA member, SEC-registered broker-dealer,
US Capital Global Securities LLC. The group collaborates closely
with its peers in professional banking and investment advisory.
Caution Regarding Forward-Looking
Information
This press release contains forward-looking statements, which
reflect the Corporation's current expectations regarding future
events including with respect to LAURION's business, operations and
condition, management's objectives, strategies, beliefs and
intentions, the potential impact of the payment of US Capital
Global's financial advisory fee on the Corporation and its
stakeholders, the Corporation's ability to advance the Ishkoday
Project, and any possible strategic alternatives and transactional
opportunities that may arise and/or could be procured in the future
with respect to the Corporation. The forward-looking statements
involve risks and uncertainties, including risks relating to the
Corporation's payment of the financial advisory fee to US Capital
Global and the Corporation's ability to recover the fee in the
future. Actual events and future results, performance or
achievements expressed or implied by such forward-looking
statements could differ materially from those projected herein
including as a result of a change in the trading price of the
common shares of LAURION, the interpretation and actual results of
current and future exploration activities, changes in project
parameters as plans continue to be refined, future prices of gold
and/or other metals, possible variations in grade or recovery
rates, failure of equipment or processes to operate as anticipated,
the failure of contracted parties to perform, labor disputes and
other risks of the mining industry, delays in obtaining
governmental approvals or financing or in the completion of
exploration, as well as those factors disclosed in the
Corporation's publicly filed documents. Investors should consult
the Corporation's ongoing quarterly and annual filings, as well as
any other additional documentation comprising the Corporation's
public disclosure record, for additional information on risks and
uncertainties relating to these forward-looking statements. The
reader is cautioned not to rely on these forward-looking
statements. Subject to applicable law, the Corporation disclaims
any obligation to update these forward-looking statements.
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. No stock exchange, securities commission
or other regulatory authority has approved or disapproved the
information contained herein.
SOURCE Laurion Mineral Exploration Inc.