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LaFleur Minerals Files Amended and Restated Offering Document
MTIMTI(US:MTX) Newsfileยท2025-08-19 21:15

Core Viewpoint - LaFleur Minerals Inc. has revised its financing offerings, including a non-brokered private placement and a charity flow-through offering, aimed at raising funds for exploration and operational initiatives [1][2][6]. Financing Details - The LIFE Offering will consist of a minimum of 3,125,000 units priced at $0.48 per unit, targeting gross proceeds of approximately $1,500,000, with a maximum of 6,000,000 units for up to $2,880,000 [2][3]. - Each unit includes one common share and one warrant, allowing the purchase of an additional common share at $0.75 within 24 months [2]. - The charity flow-through offering will have a minimum of 1,449,276 units at $0.69 per unit, aiming for gross proceeds of about $1,000,000, with a maximum of 3,750,000 units for $2,587,500 [6][7]. Use of Proceeds - Proceeds from the LIFE Offering will be allocated to exploration at the Swanson Gold Project, operational costs at the Beacon Gold Mill, and general corporate expenses [3]. - Funds from the charity flow-through offering will be used for Canadian Exploration Expenses related to the Swanson Gold Project [7]. Regulatory Compliance - The offerings will be conducted under the listed issuer financing exemption, excluding Quebec and other qualifying jurisdictions [4]. - Securities from the LIFE Offering will not have a hold period, while those from the charity flow-through offering will be subject to a four-month hold period [5][8]. Closing Timeline - The closing of the offerings is anticipated around August 29, 2025, subject to adjustments by the company [9]. Compensation for Brokers - The company will pay a 7.0% cash commission to qualified finders and brokers, along with broker warrants equivalent to 7.0% of the units sold [10].