Business
LaFleur Minerals Announces Non-Brokered Private Placement for Gross Proceeds of up to C$1.5 Million
VANCOUVER, B.C. – December 11, 2024, - TheNewswire - LAFLEUR MINERALS INC. (CSE: LFLR, OTCQB: WPNNF) (“LaFleur Minerals” or the “Company”) announces a non-broke
About this update from Lafleur Minerals Inc.
[{"type":"text","content":"VANCOUVER, B.C. – December 11, 2024, - TheNewswire - LAFLEUR MINERALS INC. (CSE: LFLR, OTCQB: WPNNF) (“LaFleur Minerals” or the “Company”) announces a non-brokered private placement offering of up to 5,000,000 units (the “Units”) at a price of C$0.30 per Unit for gross proceeds of up to $1,500,000 (the “Offering”). Each Unit will consist of one common share in the capital of the Company (a “Common Share”) and one Common Share purchase warrant (a “Warrant”). Each Warrant will entitle the holder thereof to acquire one Common Share at an exercise price of C$0.55 per Common Share for a period of two years from the closing date of the Offering. The Warrants will be subject to an accelerated expiry, whereas anytime after four (4) months following the issue date of the Units that the closing price of the common shares of the Company on the Canadian Securities Exchange (the “CSE”) is equal to or above a price of C$0.65 for ten (10) consecutive trading days, the Company may file a notice to accelerate the expiry date of the Warrants to the date that is thirty (30) business days following the date of such notice. The net proceeds of the Offering are expected to be used for the advancement of the Company’s mineral properties and for general working capital purposes. The securities issued under the Offering will be subject to a statutory hold period in Canada expiring four (4) months and one day from the closing of the Offering. The Company may pay a finder’s fee to eligible persons pursuant to applicable securities laws and CSE policies. The securities issued pursuant to the Offering have not, nor will they be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons in the absence of U.S. registration or an applicable exemption from the U.S. registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful. About LaFleur Minerals Inc. LaFleur Minerals Inc. (CSE: LFLR, OTCQB: WPNNF) is focused on the development of district-scale gold projects in the Abitibi Gold Belt near Val-d'Or, Québec. Our mission is...