Lavras closes $10-million bought deal offering

Executive Summary

• Lavras Gold Corp. has completed its previously announced bought deal public offering, issuing 2,942,000 common shares for gross proceeds of $10,002,800.
• The shares were priced at $3.40 per share, with underwriting commissions of 6% on gross proceeds.
• Net proceeds will be utilized for project development, exploration, resource drilling, and general corporate purposes.

Key Details

• Transaction Structure: Completed bought deal public offering pursuant to an underwriting agreement dated Jan. 23, 2026.
• Underwriters: Co-lead underwriters are Canaccord Genuity Corp. and Paradigm Capital Inc.; participating underwriters include Research Capital Corp. and Raymond James Ltd.
• Shares Issued: 2,942,000 common shares.
• Price Per Share: $3.40.
• Gross Proceeds: $10,002,800.
• Underwriting Commission: Aggregate cash commission of 6% on gross proceeds, subject to reduced cash commissions for the president's list.
• Use of Proceeds: Project development, exploration, resource drilling, and general corporate purposes.
• Regulatory Filings: Offered via prospectus supplement dated Jan. 23, 2026, to the short form base shelf prospectus dated Nov. 26, 2024 (filed in all Canadian provinces except Quebec). Also offered via private placement in the US and offshore jurisdictions.
• Related-Party Transaction: The offering constituted a related-party transaction under TSX Venture Exchange Policy 5.9 and MI 61-101, as an insider purchased 7,350 shares. The company relied on exemptions from valuation and minority shareholder approval requirements under sections 5.5(b) and 5.7(1)(a) of MI 61-101.
• Exchange Approval: The offering remains subject to final acceptance of the TSX Venture Exchange.