Business
Lara Raises $3.085 Million From Accelerated Exercise of 2022 Warrants
Vancouver, British Columbia--(Newsfile Corp. - November 27, 2024) - Lara Exploration Ltd. (TSXV: ...
About this update from Lara Exploration Ltd.
[{"type":"text","content":"Lara Raises $3.085 Million From Accelerated Exercise of 2022 WarrantsVancouver, British Columbia--(Newsfile Corp. - November 27, 2024) - Lara Exploration Ltd. (TSXV: LRA) (\"Lara\" or the \"Company\") is pleased to report that 3,085,943 warrants (including 9,000 broker warrants) to ‎purchase common shares were exercised, for gross proceeds to the Company totalling ‎C$3,085,943. The remaining 760 broker warrants that were not exercised expired at 3:00p.m. (Vancouver time) on November 26, 2024.The proceeds from the exercise of these Warrants will be primarily used by the Company to ‎continue to develop its flagship Planalto Copper-Gold Project in Brazil, as well as for general corporate and working capital ‎purposes.Post the exercise of these remaining warrants from our 2022 private placement financing, the Company has 49,434,772 shares outstanding, 53,494,772 on a fully diluted basis, with approximately C$5.6 million in treasury.About Lara ExplorationLara is an exploration company following the Prospect and Royalty Generator business model, which aims to minimize shareholder dilution and financial risk by generating prospects and exploring them in joint ventures funded by partners, retaining a minority interest and or a royalty. The Company currently holds a diverse portfolio of prospects, deposits and royalties in Brazil, Peru and Chile. Lara's common shares trade on the TSX Venture Exchange under the symbol \"LRA\". For further information on Lara Exploration Ltd. please consult our website www.laraexploration.com, or contact Chris MacIntyre, VP Corporate Development, at +1 416 703 0010.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.Cautionary Statement on Forward-Looking InformationThis news release contains \"forward-looking information\" within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Any statement that involves predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions,...