San Lorenzo competes $2.54M first closing of placement

Executive Summary

• San Lorenzo Gold Corp. completed the first closing of its non-brokered best-effort private placement on December 19, 2025, following conditional approval from the TSX Venture Exchange on December 18, 2025.
• The company issued over 4.1 million units for gross proceeds of approximately $2.55 million, with additional subscriptions received exceeding the previously announced $5 million maximum.
• The transaction includes specific warrant structures for investors and brokers, and the closing is subject to final acceptance by the TSX Venture Exchange.

Key Details

• Closing Date: December 19, 2025.
• Regulatory Status: Conditional approval received from TSX Venture Exchange on December 18, 2025; subject to final acceptance.
• Units Issued: 4,110,226 units.
• Gross Proceeds: $2,548,340.12.
• Unit Composition: Each unit consists of one common share and one-half of a purchase warrant.
• Investor Warrant Terms: Each full warrant entitles the holder to acquire one additional common share at an exercise price of $0.80 per share for a period of two years from the closing date.
• Broker Compensation:
  • Cash commissions paid: $81,329.95.
  • Broker warrants issued: 131,177 warrants.
  • Broker Warrant Terms: Each entitles the holder to acquire one common share at an exercise price of $0.80 per share for a period of one year from the closing date.
• Future Closures: Subscription agreements received in excess of the increased maximum of $5 million (announced Dec 15, 2025); additional closings anticipated in due course.

Notable Quotes

• None provided in the text.