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Lahontan Gold Issued Shares in Connection with Amendment to Moho Option Agreement
Toronto, Ontario--(Newsfile Corp. - November 3, 2022) - Lahontan Gold Corp.  (TSXV: LG) ...
About this update from Lahontan Gold Corp.
[{"type":"text","content":"Lahontan Gold Issued Shares in Connection with Amendment to Moho Option AgreementToronto, Ontario--(Newsfile Corp. - November 3, 2022) - Lahontan Gold Corp. (TSXV: LG) (OTCQB: LGCXF) (formerly, 1246765 B.C. Ltd.) (the \"Company\") is pleased to announce that, further to its press release of November 1, 2022, the Company has: (i) made a payment to Minquest Ltd. (\"Minquest\") in the amount of US$129,875 in cash or immediately available funds; and (ii) issued Minquest 800,000 common shares (the \"Common Shares\") in the capital of the Company at a deemed value of US$0.08 per Common Share pursuant to the second amendment to the lease option to purchase agreement (the \"Second Amending Agreement\") dated October 3, 2022 with Minquest and Lahontan Gold (US) Corp. (\"Subco\") amending the terms of the mining lease option to purchase agreement dated August 30, 2017 as amended August 25, 2020 between Minquest and Pyramid Gold (US) Corp. (\"Pyramid Gold\"), as assigned from Pyramid Gold to the Company on July 30, 2020 pursuant to the assignment and assumption agreement between Pyramid Gold and the Company (collectively, the \"Agreement\"). Pursuant to the Agreement, the Company has the option (the \"Option\") to purchase fifty (50) unpatented lode mining claims in Mineral County, Nevada (the \"Moho Property\"). The Second Amending Agreement amends the term of the Agreement to March 31, 2023.All securities issued in connection with the Second Amended Agreement 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 available.About Lahontan Gold Corp: Lahontan Gold Corp. is a Canadian mineral exploration company that holds, through its US subsidiaries, three top-tier gold and silver exploration ...