Mr. Hubert Vallee reports
LAMELEE IRON ORE: STEPHANE LEBLANC TO FILE EARLY WARNING REPORT
Stephane Leblanc, an insider of Lamelee Iron Ore Ltd., acquired, during the period from Aug. 2 to Aug. 10, 2016, beneficial ownership of common shares exceeding 2 per cent of the outstanding common shares of the company.
This reporting threshold was reached on Aug. 10, 2016, with the acquisition of 111,250 common shares in the capital of the company, acquired through the facilities of the TSX Venture Exchange for investment purposes. In addition, since July 28, 2016, Mr. Leblanc acquired, directly or indirectly, a total of 10,000 common shares in the capital of the company through the facilities of the TSX Venture Exchange for investment purposes. Mr. Leblanc reserves the right to purchase additional securities of the company or from time to time to dispose of any securities of the company that he may own.
Following the acquisition, Mr. Leblanc holds, directly or indirectly, a total of 578,750 common shares, representing approximately 19.9 per cent of the currently issued and outstanding common shares.
This press release is being issued pursuant to National Instrument 62-103 (the early warning system and related takeover bid and insider reporting issuers), which requires a report to be filed under the company's profile on SEDAR containing additional information respecting the foregoing matters.
Mr. Leblanc has provided the above information to the company for inclusion in this news release.
About Lamelee Iron Ore
The company is a junior mineral exploration company focused on the development of projects located in the province of Quebec.
We seek Safe Harbor.
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