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    Home»Mining & Resources»LaFleur Minerals Introduces Updated Private Placement Terms
    Mining & Resources

    LaFleur Minerals Introduces Updated Private Placement Terms

    Alexander LeeBy Alexander LeeSeptember 28, 2024Updated:September 28, 2024No Comments4 Mins Read
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    LaFleur Minerals Announces Revised Terms of Private Placement
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    Vancouver, British Columbia–(September 9, 2024) – An announcement was made by LaFleur Minerals Inc. (“LaFleur” or the “Company”) regarding the revision of the terms of its non-brokered private placement, as initially disclosed on June 21, 2024. The Company is now set to conduct a non-brokered private placement offering of up to 10,000,000 units (the “Units”) at a price of $0.30 per Unit, aiming for gross proceeds of up to $3,000,000 (the “Offering”). Each Unit will comprise one common share in the capital of the Company (a “Common Share”) and one Common Share purchase warrant (a “Warrant”). Each Warrant holder will have the right to purchase one Common Share at an exercise price of $0.45 per Common Share for two years following the closing date of the Offering. Additionally, there will be an accelerated expiry clause for the Warrants in the event that the closing price of the Common Shares on the Canadian Securities Exchange (CSE) reaches or exceeds $0.60 for ten consecutive trading days after four months of the Offering’s closure.

    The net proceeds from the Offering will be allocated towards advancing the Company’s mineral properties and for general working capital needs. The securities issued as part of the Offering will be subject to a statutory hold period in Canada, expiring four months and one day from the Offering’s closing. The Company may provide a finder’s fee to eligible individuals in accordance with relevant securities laws and CSE policies.

    The securities offered in the Offering are not registered under the United States Securities Act of 1933 and cannot be sold within the United States or to U.S. persons without the appropriate registration or exemption. Attendance at the 2024 Precious Metals Summit at Beaver Creek Resort in Colorado from September 10-13, 2024, was also announced by LaFleur, where Company representatives will be present to engage with participants interested in connecting at the conference. To arrange meetings, interested parties are advised to contact CEO Paul Ténière via email at teniere@gmail.com.

    LaFleur Minerals Inc. is actively engaged in acquiring and developing district-scale gold projects in the Abitibi Gold Belt near Val-d’Or, Québec. The Company’s focus is primarily directed towards advancing mining projects, with an emphasis on the resource-stage Swanson Gold Project, which holds considerable potential for long-term value creation. The Swanson Gold Project covers an area of approximately 15,000 hectares and includes various prospects with significant gold and critical metal deposits previously under the control of Monarch Mining, Abcourt Mines, and Globex Mining. Recent consolidation of land within the project area has positioned LaFleur along a major structural break hosting several gold deposits, enhancing its development prospects.

    To support identifying mineralized structures at Swanson, the Company is acquiring high-resolution airborne geophysics and conducting detailed surveys, prospecting, and geological mapping with the aim of targeting drilling operations in the coming months. For further information, including contact details, refer to the provided information in this release. The Canadian Securities Exchange and its Regulation Services Provider do not take responsibility for the accuracy of this news release.

    This news release contains forward-looking statements. While the Company believes these statements are based on reasonable assumptions, actual results may differ due to factors such as market prices, availability of capital, and economic conditions. Investors should be aware that forward-looking statements are not guarantees of future performance. The Company’s management beliefs, estimates, and opinions form the basis of these statements, which may be subject to change in accordance with applicable securities laws. The Company has no obligation to update these forward-looking statements unless required by law.

    THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES

    To access the original press release source, visit https://www.newsfilecorp.com/release/222633

    SOURCE: LaFleur Minerals Inc.

    lafleur minerals placement private revised terms
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    Alexander Lee
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    Alexander is the founder and author of Microcaps.ca, a leading resource for investors interested in the micro-cap stock market. With a passion for uncovering hidden gems in the world of small-cap stocks, Alexander combines in-depth research with years of experience in the financial markets to provide readers with valuable insights and timely analysis. Investors should conduct their own research or consult with a qualified investment advisor before making any investment decisions. The author of this article is not responsible for any gains or losses incurred from investing in companies mentioned.

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