San Lorenzo Completes Private Placement

About this update from San Lorenzo Gold Corp

[{"type":"text","content":"San Lorenzo Completes Private Placement\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n CALGARY, AB -\n \n \n TheNewswire -\n \n \n September 14, 2023 -\n \n San Lorenzo\nGold Corp. (\"\n \n San\nLorenzo\n \n \" or the \"\n \n Company\n \n \") (TSXV:SLG) (OTC:SNLGF) is pleased to announce\nthat it has completed the previously announced (August 25, 2023,\nSeptember 13, 2023) non-brokered private placement of units of the\nCompany (\"\n \n Units\n \n \") at\na price of $0.12 per Unit (the \"\n \n Offering\n \n \").  The Company closed on the maximum Offering\nof $1,000,000 and issued 8,333,333 Units.  Each Unit is comprised of\none common share of the Company (each, a \"\n \n Common Share\n \n \") and one Common\nShare purchase warrant (each, a \"\n \n Warrant\n \n \"), with each Warrant entitling the holder to\npurchase an additional Common Share for $0.18 for 18 months from the\nclosing date.\n \n \n The Company intends to use the proceeds from the Offering as follows:\ncosts related to the next phase of exploration including drilling:\n$750,000, costs of the Offering: $50,000, costs related to previous\ndrilling: $100,000 with the remainder being allocated to working\ncapital.\n \n \n Pursuant to the Offering, San Lorenzo paid cash commissions to\nqualified non-related parties in the amount of $32,646 and issued\n272,050 broker warrants, each broker warrant entitling the holder to\nacquire one Common Share at a price of $0.12 per Common Share for a\nperiod of 18 months from the date of issuance.\n \n \n Completion of the Offering is subject to regulatory approval\nincluding, but not limited to, final approval of the TSX Venture\nExchange. The Common Shares and Warrants issued under the Offering are\nsubject to a four month and a day hold period from the date of the\nclosing of the Offering.\n \n \n For further information on the Company, readers are referred to the\nCompany's website at\n \n \n www.sanlorenzogold.com\n \n \n and\nits Canadian regulatory filings on SEDAR+ at\n \n \n www.sedarplus.ca\n \n \n .\n \n \n \n About San Lorenzo Gold Corp.\n \n \n \n San Lorenzo Gold is involved in the exploration and advancement of\nmineral properties. The Company currently has three 100% owned\nproperties in Chile: Salvadora, Nancagua and Punta Alta.\n \n \n The Salvadora property is subject of a rece...

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