LaFleur Minerals Closes LIFE, Flow Thru and Final Hard Dollar Offering for $900,000 to Complete Total of $7,800,421 Funding to Restart Beacon Gold Mill Production Operations in Abitibi Greenstone Belt

Executive Summary

• LaFleur Minerals closed a non‑brokered hard‑dollar private placement of 1,800,000 units at $0.50 per unit, generating gross proceeds of $900,000.
• Each unit consists of one common share and one warrant to purchase an additional share at $0.75 exercisable within 36 months; broker warrants were also issued.
• Proceeds will fund the commissioning and restart of gold production at the Beacon Gold Mine & Mill, development work at the Swanson Gold Project, and general working capital.

Key Details

• Offering Size: 1,800,000 units @ $0.50 per unit → $900,000 gross proceeds.
• Unit Composition: 1 common share + 1 warrant (right to buy one additional common share at $0.75, exercisable up to 36 months from closing).
• Broker Compensation: Cash commission of $63,000 (7% of gross proceeds) plus 126,000 broker warrants (each for one common share at the same $0.75 exercise price, exercisable for 24 months).
• Statutory Hold Period: Units subject to a hold period of 4 months + 1 day under Canadian securities law.
• Use of Proceeds:
• Commissioning and restart of gold production at the wholly‑owned Beacon Gold Mine & Mill.
• Development activities at the Swanson Gold Project in Val d’Or, Québec.
• General working capital.
• Total Financing to Date (including prior offerings): $7,800,421 (LIFE Offering $4,695,000 + Flow‑Through Offering $2,205,421 + current Hard Dollar $900,000).
• Strategic Context: Funding supports LaFleur’s transition from exploration to near‑term gold production and accelerates the upcoming Preliminary Economic Assessment for Swanson Gold Project.

Notable Quotes

(No direct quotes were provided in the release.)