Northwire Canada EditionWednesday, November 11, 2026
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Financings

San Lorenzo arranges additional financing for up to $5M

By The Northwire Desk — AI Analysis Feb 23, 2026 · 19:17 SLG · 3.17 San Lorenzo Gold Corp.
SLG · Price

Executive Summary

  • San Lorenzo Gold Corp. has announced an additional proposed private placement of units to raise up to an additional $5 million, bringing the total potential proceeds from the previously announced offering to $20 million.
  • The additional offering is priced at $2.64 per unit, consisting of one common share and one-half of a common share purchase warrant, with the full offering now fully subscribed.
  • Proceeds will be used for exploration on the flagship Salvadora property in Chile and for general working capital.

Key Details

  • Additional Offering Size: Up to $5 million in gross proceeds.
  • Total Offering Size: The original offering was for up to $15 million; combined with the additional $5 million, the total potential gross proceeds are $20 million.
  • Price Per Unit: $2.64 per unit for the additional tranche (previously announced tranche was priced at $2.51 per unit).
  • Unit Composition: Each unit consists of one common share and one-half of a common share purchase warrant.
  • Warrant Terms (Investors): Each full warrant entitles the holder to acquire one additional common share at an exercise price of $3.50. The warrants are exercisable for a period of one year from the date of closing.
  • Broker/Finder Compensation: San Lorenzo may pay cash commissions or finders' fees up to 6% of gross proceeds, payable in warrants representing 6% of the common shares issued.
  • Broker Warrant Terms: Each broker warrant entitles the holder to purchase one additional common share at an exercise price of $2.64 for a period of 12 months following closing.
  • Subscription Status: The offerings are fully subscribed.
  • Use of Proceeds: Continued exploration efforts on the Salvadora property and general working capital purposes, including offering expenses.
  • Hold Period: Common shares, warrants, and broker warrants are subject to a four-month-and-one-day hold period.
  • Regulatory Approval: Offerings remain subject to approval by the TSX Venture Exchange.
  • Basis: The additional offering is to be completed on a best efforts basis.

Notable Quotes

  • None provided in the text.
Read the original news release →

More from San Lorenzo Gold Corp.

Nov 10, 2026 · 13:46

San Lorenzo closed a C$80m private placement at C$5.30 per share, resulting in a 12% dilution with no warrants or new geology.

Financings Oct 29, 2026 · 12:24

San Lorenzo broadens its investor base for an $80 million financing round for its Chile gold project.

Financings Oct 16, 2026 · 06:44

San Lorenzo raised $40 million at $5.30 per share warrant-free to fund its Salvadora project.

Financings Sep 17, 2026 · 07:01

San Lorenzo identified a new 2km gold corridor expanding the San Juan target footprint at its Salvadora project.

Drill Results Aug 04, 2026 · 09:01

San Lorenzo appointed Brandon Gaspar as CEO while expanding the Arco de Oro target with a 1.2 km IP chargeability anomaly.

Drill Results Jun 29, 2026 · 08:10

San Lorenzo’s shallow high grade epithermal hits extend the Arco de Oro strike while porphyry bulk targets remain the primary exploration focus.

Drill Results