LaFleur Minerals Announces Brokered Private Placement of Gold-Linked Convertible Notes to Finance Restart of Gold Production at Beacon Gold Mill

Executive Summary

• LaFleur Minerals announced a brokered private placement of gold‑linked convertible notes ranging from $4 M to $7 M in principal.
• The notes bear 12% annual interest, mature around November 30 2028, and are convertible at $0.80 per common share.
• Proceeds will fund general corporate purposes and the restart of the Beacon Gold Mill project in Québec.

Key Details

• Financing Structure: Unsecured gold‑linked convertible notes with a minimum principal of $4,000,000 and a maximum of $7,000,000.
• Conversion Price: $0.80 per common share (holder’s option).
• Interest Rate: 12% per annum, payable semi‑annually.
• Maturity: On or around November 30, 2028.
• Principal Repayment Schedule: Annual reductions beginning January 1, 2027, with final payment on the maturity date.
• Gold Premium Payment: On each principal payment date, LaFleur will pay a premium equal to the number of deposited gold ounces multiplied by any amount that the London Gold Fix price exceeds USD 4,000 per ounce (as of the 15th day of the month).
• Agent & Fees: FMI Securities Inc. serves as lead agent and sole bookrunner.
• Cash fee: 7% of gross proceeds (reduced to 4% for President’s List purchasers).
• Broker warrants: 7% of notes sold (exercise price $0.80, two‑year term; reduced to 4% for President’s List purchasers).
• Agent’s Over‑Allotment Option: Up to an additional $750,000 of notes may be sold up to 48 hours before closing.
• Statutory Hold Period: All securities subject to a four‑month‑plus‑one‑day hold period under Canadian law.
• Use of Proceeds: General corporate purposes and expenses related to restarting the Beacon Gold Mill (mine, mill, tailings pond) near Val d’Or, Québec.

Notable Quotes

• “The launch of this gold‑linked note financing provides us with flexible capital to advance the Beacon Gold Mill restart and support our broader growth strategy in the Abitibi greenstone belt.” – Paul Ténière, CEO

(Boilerplate company description, qualified person statement, forward‑looking disclaimer, and U.S. distribution notice have been omitted as per instructions.)