Business
Lahontan Gold Announces Closing of Brokered Private Placement of Units
Toronto, Ontario--(Newsfile Corp. - September 1, 2023) - Lahontan Gold Corp. (TSXV: LG) (OTCQB: ...
About this update from Lahontan Gold Corp.
[{"type":"text","content":"Lahontan Gold Announces Closing of Brokered Private Placement of UnitsToronto, Ontario--(Newsfile Corp. - September 1, 2023) - Lahontan Gold Corp. (TSXV: LG) (OTCQB: LGCXF) (the \"Company\" or \"Lahontan\") is pleased to announce that further to its press release of August 2, 2023 it has completed its previously announced brokered private placement through the issuance of 25,000,000 units (the \"Units\") at a price of $0.08 (the \"Issue Price\") per Unit for gross proceeds of $2,000,000 (the \"Offering\").The Offering was conducted pursuant to the terms and conditions of an agency agreement entered into by the Company, Beacon Securities Limited (\"Beacon\") as sole bookrunner, and Haywood Securities Inc. (together with Beacon, the \"Agents\").A Form 45-106F19 Listed Issuer Financing Document dated August 2, 2023 was prepared in connection with the Offering and was filed under the Company's profile on www.sedarplus.ca and on the Company's website at www.lahontangoldcorp.com.The Units were offered by way of a best efforts private placement pursuant to the Listed Issuer Financing Exemption under National Instrument 45-106 - Prospectus Exemption in all provinces of Canada, except Quebec, and certain foreign jurisdictions, subject to the receipt of necessary regulatory approval.Kimberly Ann, CEO, President, Director, and Founder of Lahontan commented: \"The Company is very pleased with the strong support from all the shareholders who participated in this offering, including our largest institutional investors and Victoria Gold. Completing an offering in challenging market conditions is testament to the strength of our projects, our Board, and our management team.\"Each Unit is comprised of one common share in the capital of the Company (each, a \"Unit Share\") and one transferable common share purchase warrant (each, a \"Warrant\"). Each Warrant is exercisable to acquire one common share (a \"Warrant Share\") in the capital of the Company until September 1, 2026 at a price of $0.12 per Warrant Share, provided that, in the event that the daily volume weighted average trading price (or closing bid price on days when there are no trades) of the common shares of the Company (the \"Common Shares\") on the TSX Venture Exchange (\"TSXV\") is at least $0.24 per Common Share for a minimum of 20 consecutive trading days at any time after the f...