Lavras Gold Corp. Announces $10 million Public Offering

About this update from Lavras Gold Corp

[{"type":"text","content":"Lavras Gold Corp. Announces $10 million Public OfferingThe Base Shelf Prospectus is accessible, and the Prospectus Supplement will be accessible within two business days, through SEDAR+\nTORONTO, Jan. 21, 2026 (GLOBE NEWSWIRE) -- Lavras Gold Corp. (TSX-V:LGC, OTCQX:LGCFF) (“Lavras Gold” or the “Company”) is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp., as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters (collectively, the \"Underwriters\"), pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, an aggregate of 2,942,000 common shares of the Company (the \"Shares\") at a price of C$3.40 per Share (the \"Offering Price\") for aggregate gross proceeds to the Company of approximately C$10,002,800 (the \"Offering\"). The Company has granted the Underwriters an option (the “Over-Allotment Option”) to purchase up to an additional 441,300 Shares at the Offering Price, exercisable at any time, for a period of 30 days after and including the Closing Date, which, if exercised in full, would result in additional gross proceeds of approximately C$1,500,420. The Company intends to use the net proceeds of the Offering for project development, exploration and resource drilling and general corporate purposes. The Shares will be offered by way of a prospectus supplement (the “Prospectus Supplement”) to the Company’s short form base shelf prospectus dated November 26, 2024 (the “Base Shelf Prospectus”) to be filed in all provinces of Canada, other than Quebec. The Prospectus Supplement contains important information about the Offering. The Shares may also be offered by way of private placement in the United States and in offshore jurisdictions as agreed between the Company and the Underwriters. The Offering is expected to close on or before January 29, 2026, or such other date as agreed between the Company and the Underwriters and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and stock exchange approvals, including the approval of the TSX Venture Exchange. Access to the Prospectus Supplement, the Base Shelf Prospectus and any amendments thereto is provided in accordance with securities legislation relating to the pro...

More updates from Lavras Gold Corp