Business
Lahontan Gold Announces Private Placement of Units
Toronto, Ontario--(Newsfile Corp. - April 8, 2025) - Lahontan Gold Corp. (TSXV: LG) (OTCQB: LGCXF) (the "Company" or "Lahontan") is pleased to announce a non-br
About this update from Lahontan Gold Corp.
[{"type":"text","content":" Toronto, Ontario--(Newsfile Corp. - April 8, 2025) - Lahontan Gold Corp. (TSXV: LG) (OTCQB: LGCXF) (the \"Company\" or \"Lahontan\") is pleased to announce a non-brokered private placement financing for gross proceeds of up to $2,000,000 through the issuance of up to 40,000,000 units (the \"Units\") at a price of $0.05 per Unit (the \"Offering\"). Each Unit is comprised of one common share of the Company (each, a \"Common Share\") and one-half of one whole Common Share purchase warrant (each whole warrant, a \"Warrant\") of the Company. Each Warrant entitling the holder thereof to purchase one Common Share at a price of $0.08 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) exceed CDN$0.12 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 Gross proceeds raised from the Offering will be used for general working capital purposes and for exploration at the Company's Santa Fe Mine Project. Closing of the Offering is subject to receipt of all necessary corporate and regulatory approvals, including the approval of TSX Venture Exchange. All securities issued in connection with the Offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation. This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the \"U.S. Securities Act\") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons as defined under applicable United States securities laws unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is ava...