Business
San Lorenzo Gold Announces Closing of $20 Million Private Placements
(TheNewswire)     CALGARY – TheNewswire - March 5, 2026 -  Sa...
About this update from San Lorenzo Gold Corp
[{"type":"text","content":"San Lorenzo Gold Announces Closing of $20 Million Private Placements\n(TheNewswire)\n\n\n \n\n\n \n\n\nCALGARY – TheNewswire - March 5, 2026 - San Lorenzo Gold\nCorp. (\"San Lorenzo\"\nor the \"Corporation\") (TSXV: SLG) is pleased to advise, further\nto its news releases dated February 19 and February 23, 2026, that it\nhas completed its previously announced private placements for\naggregate gross proceeds of $19,999,997.41.\n\n\nThe private placements consisted of (i) 5,976,095 units at a price of\n$2.51 per unit (the “$2.51\nUnits”) for gross proceeds of $14,999,998.45\n(the \"Initial\nOffering\"), and (ii) 1,893,939 units at a\nprice of $2.64 per unit (the “$2.64 Units” and together, the\n\"Units\"), for additional gross proceeds of $4,999,998.96 (the\n\"Additional\nOffering\").  \n\n\nEach Unit is comprised of one common share of the Corporation\n(“Common Share”) and one\nhalf of a share purchase warrant (“Warrant”). Each full Warrant entitles the holder to acquire\nan additional Common Share at a price of $3.50 for a period of one (1)\nyear from the date of issuance.\n\n\nIn connection with the Initial Offering, the Corporation will pay cash\ncompensation totaling $709,199.87 and has issued 282,549 broker warrants (“Initial Offering Broker\nWarrants”). Each Initial Offering Broker Warrant entitles the\nholder to acquire a Common Share at a price of $2.51 for a period of\none (1) year from the date of issuance. In connection with the\nAdditional Offering, the Corporation will pay cash compensation\ntotaling $236,399.96 and has issued 89,545\nbroker warrants (“Additional\nOffering Broker Warrants”). Each Additional Offering Broker Warrant entitles the holder\nto acquire a Common Share at a price of $2.64 for a period of one (1)\nyear from the date of issuance. \n\n\nThe proceeds will be used to continue exploration efforts on San\nLorenzo’s flagship Salvadora property as well as for general working\ncapital purposes including the expenses of the Offerings.  The Common\nShares, Warrants and Broker Warrants are subject to a four-month and\none-day hold period, and the Offerings remains subject to the final\nacceptance of the TSX Venture Exchange (the “Exchange”).\n\n\nAbout San Lorenzo\n\n\nS...