Financings

Lahontan Announces Private Placement

By The Northwire Desk — AI Analysis Mar 12, 2026 · 06:30 LG · 0.465 Lahontan Gold Corp.

LG · Price

Lahontan Gold Corp. announced a non‑brokered private placement of up to 24,390,244 units at C$0.41 per unit, targeting gross proceeds of up to C$10 million.
Each unit consists of one common share and half of a whole warrant allowing purchase of an additional common share at C$0.60 for two years (with possible accelerated expiry if the share price exceeds C$1.00).
Proceeds will be used for general working capital and to fund exploration activities at the Santa Fe Mine and West Santa Fe projects.

Units Offered: Up to 24,390,244 units.
Price per Unit: C$0.41.
Total Gross Proceeds Target: Up to C$10,000,000.
Unit Composition:
1 common share.
½ of a whole common‑share purchase warrant (each whole warrant = right to buy one common share at C$0.60).
Warrant Terms:
Exercise price: C$0.60 per common share.
Term: 2 years from issuance.
Accelerated expiry (“Reduced Warrant Term”) if TSX‑Venture share price ≥ C$1.00 for ten consecutive trading days, occurring any time after four months + 1 day from issuance; warrants would then expire 30 business days after a press release announcing the reduction.
Holding Period: Securities subject to a hold period of four months plus one day (applicable in Canada). No statutory hold period for securities issued outside Canada/US under Ontario Securities Commission Rule 72‑503.
Use of Proceeds: General working capital and exploration at Santa Fe Mine and West Santa Fe Projects.
Closing Conditions: Subject to receipt of all required regulatory approvals, including TSX Venture Exchange approval, and other customary closing conditions.
Regulatory Disclaimer: Offer not made in the United States; securities not registered under U.S. securities laws.

“We are pleased to provide additional capital to advance our flagship Santa Fe Mine project and explore our West Santa Fe satellite property, positioning Lahontan for continued growth.” – Kimberly Ann, Founder, CEO, President & Executive Chair.

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