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Lahontan Closes Final Tranche of Private Placement For an Aggregate of $13.6M
Toronto, Ontario--(Newsfile Corp. - April 8, 2026) - Lahontan Gold Corp. (TSXV: LG) (OTCQB: LGCX...
About this update from Lahontan Gold Corp.
[{"type":"text","content":"Lahontan Closes Final Tranche of Private Placement For an Aggregate of $13.6MToronto, Ontario--(Newsfile Corp. - April 8, 2026) - Lahontan Gold Corp. (TSXV: LG) (OTCQB: LGCXF) (FSE: Y2F) (the \"Company\" or \"Lahontan\") is pleased to announce that, further to its press releases of March 12, 2026, March 17, 2026, March 20, 2026, March 24, 2026 and April 2, 2026, it has closed the final tranche of its non-brokered private placement through the issuance of 1,079,000 units (each, a \"Unit\") in the capital of the Company at a price of CAD$0.41 per Unit for gross proceeds of CAD$442,390 (the \"Offering\"). In connection with the first, second and third tranches of the Offering, the Company has issued a total of 33,269,244 Units for aggregate gross proceeds of CAD$13,640,390.Each Unit was comprised of one common share (each, a \"Common Share\") in the capital of the Company and one-half of one whole Common Share purchase warrant (each whole warrant, a \"Warrant\"). Each Warrant entitles the holder thereof to purchase one Common Share at a price of CAD$0.60 per Common Share for a period of two (2) years from the date of issuance, provided, however, that should the closing price at which the Common Shares trade on the TSX Venture Exchange (or any such other stock exchange in Canada as the Common Shares may trade at the applicable time) is equal to or exceeds CAD$1.00 for ten (10) consecutive trading days at any time following the date that is four months and one day after the date of issuance, the Company may accelerate the Warrant Term (the \"Reduced Warrant Term\") such that the Warrants shall expire on the date which is 30 business days following the date a press release is issued by the Company announcing the Reduced Warrant Term.Kimberly Ann, Lahontan Gold Corp Executive Chair, CEO, President, and Founder commented: \"With the completion of this strategic financing, Lahontan is now fully funded for all its exploration and mine development programs, including mine permitting, into 2027 when the Company expects to make a production decision for the Santa Fe Mine project. Thanks to a robust equity market and strong demand from existing and new shareholders, Lahontan was able to complete this financing quickly, allowing the team to focus on key upcoming benchmarks including an updated MRE and PEA coupled with aggressive district-scale...