LaFleur Minerals Closes $1.66 Million Flow-Through Offering to Advance Drilling and PEA-Related Work at its Swanson Gold Deposit

Executive Summary

• LaFleur Minerals closed a non‑brokered flow‑through private placement raising $1,663,370 in gross proceeds.
• The offering consisted of 2,410,682 FT Units at $0.69 each, each unit containing one common share and one warrant to purchase an additional share at $0.75 for 24 months.
• Proceeds are earmarked for exploration and drilling on the Swanson Gold Project, ore‑sorting and metallurgical test work, and advancing a Preliminary Economic Assessment (PEA) for restarting production at the Beacon Gold Mill.

Key Details

• Units Issued: 2,410,682 flow‑through units @ $0.69 per unit.
• Gross Proceeds: $1,663,370.
• Warrant Terms: Each FT Unit includes one warrant exercisable for one share at $0.75 per share for 24 months; accelerated expiry possible if the share trades ≥ $0.90 VWAP for 14 consecutive days after a four‑month hold period.
• Finder’s Fees & Warrants: Cash finder fees of $104,652.14 paid; 151,668 non‑transferable finder warrants issued (same exercise price and term as FT Unit warrants).
• Use of Proceeds:
• Exploration and drilling on the Swanson Gold Project (Abitibi Gold Belt, Québec).
• Ore‑sorting and metallurgical test work on a large bulk sample using SGS and SRC.
• Funding for the Beacon Gold Mill restart PEA and related resource development.
• Tax Treatment: Proceeds qualify as Canadian exploration expenses and flow‑through mining expenditures; will be renounced to investors by Dec 31 2025 in an amount not less than gross proceeds.
• Hold Period: Shares subject to a hold period of four months plus one day from issuance.

Notable Quotes

• “We are pleased to have successfully closed this financing, which provides the capital needed to advance exploration at Swanson and move the Beacon Gold Mill toward production,” – Paul Ténière, CEO.