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LAHONTAN GOLD ANNOUNCES $1.5 MILLION PRIVATE PLACEMENT OF UNITS
LAHONTAN GOLD ANNOUNCES $1.5 MILLION PRIVATE PLACEMENT OF UNITS Canada NewsWire ...
About this update from Lahontan Gold Corp.
[{"type":"text","content":"\n \n \n \n LAHONTAN GOLD ANNOUNCES $1.5 MILLION PRIVATE PLACEMENT OF UNITS\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR\n \n \n \n \n FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n Feb. 8, 2023\n \n \n /CNW/ -\n \n Lahontan Gold Corp.\n \n (TSXV: LG) (OTCQB: LGCXF) (the \"\n \n Company\n \n \" or \"\n \n Lahontan\n \n \") is pleased to announce that it has entered into an agreement with Beacon Securities Limited (\"\n \n Beacon\n \n \" or the \"\n \n Agent\n \n \"), as sole agent in connection with a best efforts private placement of up to 13,640,000 units (the \"\n \n Units\n \n \") of the Company at a price of\n \n $0\n \n .11 per Unit (the \"\n \n Issue Price\n \n \") for aggregate gross proceeds to the Company of up to\n \n $1,500\n \n ,400 (the \"\n \n Offering\n \n \"). Each Unit shall consist of one common share in the capital of the Company (a \"\n \n Unit Share\n \n \") and one-half of one common share purchase warrant (each whole warrant, a \"\n \n Warrant\n \n \"). Each Warrant will be exercisable to acquire one common share (a \"\n \n Warrant Share\n \n \") for a period of 36 months following the closing of the Offering at a price of\n \n $0.18\n \n per Warrant Share.\n \n \n The securities to be issued under the Offering will be offered by way of private placement in each of the Provinces of\n \n Canada\n \n and such other jurisdictions as may be determined by the Company, in each case, pursuant to applicable exemptions from the prospectus requirements under applicable securities laws.\n \n \n The Company intends to use the net proceeds from the Offering for working capital and general corporate purposes.\n \n \n The Company has granted Beacon an option, exercisable in whole or in part at any time up to 48 hours prior to the closing of the Offering, to sell up to an additional 9,090,000 Units (the \"\n \n Additional Units\n \n \") at a price ...