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Client Work

Laurion Mineral Exploration announces the disposition of the Bell Mountain Project

Fasken
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Overview

Client

Laurion Mineral Exploration Inc.

On November 29, 2012, Laurion Mineral Exploration Inc. (the “Company”), a junior mining company, executed a definitive agreement with Lincoln Mining Corporation (“Lincoln”) in connection with the purchase by Lincoln from the Company of certain unpatented mining claims and the assignment and assumption of the Company’s option to earn a 100% interest in the Bell Mountain property located in Churchill County, Nevada. The definitive agreement contemplates consideration of, among other things, a cash purchase price of $2,350,000. Payments are to be staged according to Lincoln achieving certain project milestones. The Company was advised by a team of Fasken Martineau lawyers that included Alex Nikolic (corporate/securities) and Michael Bourassa (Global Mining) with the assistance of Aidan Hyde (student-at-law).

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