San Lorenzo Gold Announces First Closing Of Private Placement

Executive Summary

• San Lorenzo Gold Corp. received conditional TSX Venture Exchange approval for its non‑brokered best‑efforts private placement of Units and completed the First Closing on December 19, 2025.
• The First Closing issued 4,110,226 Units for gross proceeds of $2,548,340.12. Each Unit consists of one common share and half a purchase warrant; full warrants allow acquisition at $0.80 per share for two years.
• Cash commissions of $81,329.95 were paid and 131,177 broker‑warrants (exercisable at $0.80 for one year) were issued. Additional subscription agreements exceed the previously announced $5 million cap, with further closings anticipated.

Key Details

• Units Issued: 4,110,226
• Gross Proceeds: $2,548,340.12
• Unit Composition: 1 common share + ½ purchase warrant (full warrant = right to buy one additional common share at $0.80 for 2 years)
• Purchase Warrant Exercise Price: $0.80 per share
• Broker Commissions Paid: $81,329.95
• Broker Warrants Issued: 131,177 (exercise price $0.80, valid 1 year from closing)
• Conditional TSX Venture Exchange Approval: Received December 18, 2025; subject to final acceptance.
• Subscription Overrun: Agreements received exceed the $5 million maximum announced on Dec 15, 2025; additional closings expected.

Notable Quotes

(No CEO/President quotes included in the release.)