Laurion Mineral Exploration Inc. Expects to Commence Trading on OTCQX on
November 11, 2010
LME: TSXV
LMEFF: US
TORONTO, Nov. 10 /CNW/ - Laurion Mineral Exploration Inc. (TSX.V: LME; OTCQX: LMEFF) ("Laurion") is very pleased to announce that it expects to commence trading on the OTC market's highest tier, the OTCQX®, tomorrow. Investors will be able to find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcqx.com and www.otcmarkets.com.
Cynthia Le Sueur- Aquin, President and CEO of Laurion stated today that: "We are very pleased to commence trading on the premier tier of the OTC. This step is indicative of our commitment to increasing investor awareness of Laurion and offering additional liquidity to our shareholders in the United States."
In addition, R. Cromwell Coulson, President and CEO of Pink OTC Markets said: "We are pleased to welcome Laurion Mineral Exploration to OTCQX. The superior information and visibility of the OTCQX marketplace allows companies to efficiently build investor confidence and expand their shareholder base."
Dorsey & Whitney LLP will serve as Laurion's Principal American Liaison on OTCQX, responsible for providing guidance on OTCQX requirements.
About OTCQX
OTCQX offers international companies a visible cross-listing in the U.S. on the premier tier of the OTC market, without the duplicative regulatory burdens of a traditional U.S. exchange listing. The superior information and visibility of the OTCQX marketplace allows companies to efficiently build investor confidence and expand their shareholder base. For additional information about the OTCQX, see: http://www.otcqx.com/otcqx/.
About Laurion Mineral Exploration Inc.
Laurion's focus is to make the transition from explorer to near-term producer. It envisages the realization of shareholder value and wealth through monetization of its discoveries and assets. Laurion's exploration horizon is focused on gold (with a secondary focus on base metals and PGEs). Laurion's key proprietary interests are in prospective mining properties located in Ontario, Canada and Nevada, USA.
Laurion is well-funded to complete the next phases of drilling and exploration work on the Bell Mountain and Sturgeon River Gold Projects. Laurion intends to successfully advance these projects, moving it closer to being a near-term producer.
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. Such statements include, but are not limited to, statements concerning the approval of Laurion's application to trade its common shares over the facilities of the OTCQX and the commencement of such trading. 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.
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
Share this article