LaFleur Minerals Upsizes LIFE and Flow-Through Unit Offerings

Executive Summary

• LaFleur Minerals announced an upsized non‑brokered private placement (“LIFE Offering”) of up to 9,000,000 units at $0.50 per unit, targeting gross proceeds of up to $4.5 million.
• Each unit consists of one common share and one warrant to purchase an additional share at $0.75, exercisable for up to 36 months; warrants are no longer subject to accelerated expiry.
• Proceeds will be used to commission and restart gold production at the Beacon Gold Mine & Mill, advance work at the Swanson Gold Project in Quebec, and provide general working capital.

Key Details

• Offering Size: Up to 9,000,000 units (previously disclosed amount increased).
• Price per Unit: $0.50 CAD → Gross proceeds up to $4,500,000.
• Unit Composition:
• 1 common share of LaFleur Minerals.
• 1 Common Share purchase warrant (right to buy one additional common share at $0.75, exercisable any time within 36 months from closing).
• Warrant Terms: No accelerated expiry; exercise price $0.75 per share; term 36 months.
• Use of Proceeds:
• Commissioning and restart of Beacon Gold Mine & Mill (wholly‑owned).
• Development work at Swanson Gold Project, Quebec.
• General working capital.
• Exemptions: Offered under the listed issuer financing exemption (NI 45‑106) to Canadian residents (excluding Quebec) and other qualifying jurisdictions; no hold period required.
• Broker Compensation: Cash commission of 7.0% of gross proceeds plus broker warrants equal to 7.0% of units sold; each broker warrant allows purchase of one common share at the offering price for 24 months post‑closing.
• Closing Date: Expected on or about December 31, 2025, subject to change.
• Related Financing: The company continues progressing a separate brokered private placement of gold‑linked convertible notes (target up to C$7 million) announced November 5, 2025 for Beacon Mill restart.

Notable Quotes

(No direct quotes were included in the release.)