Lavras Gold arranges $10-million offering

Executive Summary

• Lavras Gold Corp. has entered into an agreement for a $10 million bought-deal public offering of common shares, led by Canaccord Genuity Corp.
• The company is issuing 2,942,000 shares at $3.40 per share, with an additional option for the underwriters to purchase up to 441,300 more shares within 30 days.
• Net proceeds will be utilized for project development, exploration, resource drilling, and general corporate purposes.

Key Details

• Transaction Structure: Bought-deal public offering via prospectus supplement to the company's short form base shelf prospectus dated Nov. 26, 2024.
• Underwriter: Canaccord Genuity Corp. acting as lead underwriter and sole bookrunner for a syndicate.
• Share Quantity: 2,942,000 common shares issued immediately.
• Offering Price: $3.40 per share.
• Gross Proceeds: Approximately $10,002,800 from the initial tranche.
• Over-Allotment Option: Underwriters have an option to purchase up to an additional 441,300 shares at $3.40 per share, exercisable within 30 days of closing. If exercised in full, this would generate additional gross proceeds of approximately $1,500,420.
• Use of Proceeds: Project development, exploration, resource drilling, and general corporate purposes.
• Jurisdiction: Offered in all Canadian provinces except Quebec via prospectus supplement; also offered via private placement in the United States and offshore jurisdictions as agreed.
• Closing Date: Expected on or before Jan. 29, 2026, subject to regulatory and stock exchange approvals (including TSX Venture Exchange).
• Filing: Prospectus supplement and base shelf prospectus available on SEDAR+.