Lounor Exploration Inc.

Lounor Exploration announces that due to the current difficult markets for junior exploration companies, it has been unsuccessful in raising sufficient capital to continue its operations as a going concern. Accordingly, Lounor Exploration Inc. has decided to focus on maintaining the exploration property in Ontario and has drop the option agreement for the Matagami property. Lounor Exploration Inc. has also filed a [...]

Lounor Exploration is pleased to announce that it has closed a private placement for a total amount of CDN $100,000. The placement consists in 2,000,000 common shares at a price of $0.05 per share representing $100,000 and of 1,000,000 share purchase warrants that give the right to subscribe for 1,000,000 additional common shares of the Company at a price of $0.10 per share, valid until May 21, 2014.

Lounor Exploration is announcing the closing of the transaction announced on March 22, 2013, following the approval of the TSX Venture Exchange on November 9, 2012. The transaction consists of the acquisition of 105 mining claims composing the Matagami Gold property. The Matagami Gold property is located in the Matagami mining camp, Quebec. The Matagami mining camp has a long history of producing base and precious [...]

Lounor Exploration s pleased to announce that it has closed a private placement for a total amount of CDN $70,000. The placement consists in 975,000 common shares at a price of $0.05 per share representing $48,750 and 354,166 flow-through shares at a price of $0.06 per share representing $21,250. Each share is accompanied of one share purchase warrant that gives the right to subscribe for one common share of the [...]

Lounor Exploration is pleased to announce that the Corporation has granted 3,850,000 new stock options to directors, officers and consultants of the Corporation, which can be exercised at a price of $0.10 per share expiring on March 14, 2016. During a directors' meeting held on March 11, 2013, the Board of directors of Lounor appointed the following directors to the Audit Committee: Mr. Gilles Fiset, Mr. Robin Harvey [...]

Lounor Exploration is pleased to announce the start of a drill program on the Matagami Gold Property. The property is located in the Matagami mining camp and is comprised of 106 mining claims located in the Isle-Dieu Township, Province of Quebec, covering a total area of 1,632 hectares. The Matagami mining camp has a long history of producing base and precious metals with at least 15 mines to date. The Matagami Gold [...]

Lounor Exploration is pleased to announce that it has closed a private placement for a total amount of CDN $130,000. The placement consists in 390,000 common shares at a price of $0.05 per share representing $19,500 and 1,841,667 flow-through shares at a price of $0.06 per share representing $110,500. Each share is accompanied of one share purchase warrant that gives the right to subscribe for one common share of the [...]

Lounor Exploration announces that its Board of Directors has approved a new extension of the expiry date of the 1,062,500 purchase warrants issued on February 14, 2011, for three additional years. These warrants have already been extended for one additional year. The warrants will now expire on February 14, 2016 and their exercise price of $0.11 remains the same. This modification is subject to approval of TSX [...]

Lounor Exploration is pleased to announce that it has closed a private placement for a total amount of CDN $31,000. The placement consists in 93,000 common shares at a price of $0.05 per share representing $4,650 and 439,166 flow-through shares at a price of $0.06 per share representing $26,350. Each share is accompanied of one share purchase warrant that gives the right to subscribe for one common share of the [...]

Lounor Exploration announces that at the Annual and Special Meeting of shareholders held on December 19, 2012, the following directors have been elected: Gilles Fiset, Rodrigue Tremblay, Albert Campbell, Camille St-Hilaire, Laurent Hallé and Robin Harvey. The accounting firm of Dallaire & Lapointe Inc. has been re-appointed as auditors. Lounor also announces that the shareholders of the Corporation have approved the [...]