Laurion Mineral Exploration’s sale of 51% interest in Midloathian property

On July 18, 2014, Laurion Mineral Exploration Inc. (Laurion), a junior mining company, executed a purchase and sale agreement with Kiska Metals Corporation and completed the disposition of Laurion’s 51% interest in the Midlothian Project. The Midlothian property is an early-stage exploration project located 80km west-southwest of Kirkland Lake and 25km west-southwest of Matachewan. Under the terms of this agreement, Kiska will, among other things, grant a Net Smelter Royalty (NSR) in the Midlothian Project in favour of Laurion for 2.5% with respect to precious metals and 1.5% with respect to all other metals derived from the Midlothian Project. Laurion was advised by a team of Fasken Martineau lawyers that included Alex Nikolic (corporate/securities), Michael Bourassa (Global Mining) and Andrea Centa (Real Estate) with the assistance of Clair Affleck-Jacques (summer student).