Laurion Mineral inks $6 mln funding deal with Texas private equity firm
Laurion Mineral Exploration Inc (TSX-V: LME) has secured $6 million in a private placement transaction. The investor was an unnamed Dallas, Texas-based oil and gas private equity firm, which utilized its funding vehicle, VARA Minerals LP, in the deal. Laurion, which is based in Toronto, said the investment is a first step in a long-term strategic partnership focused on moving its Ishkoday gold and base metal project from discovery into production phases. The project is located northeast of Thunder Bay, Ontario. Laurion is led by President and CEO Cynthia Le Sueur-Aquin.
30 June 2015•6 mins read
