LaFleur Minerals Closes $1.66 Million Flow-Through Offering to Advance Drilling and PEA-Related Work at its Swanson Gold Deposit

Core Viewpoint - LaFleur Minerals Inc. has successfully closed a non-brokered flow-through private placement, raising gross proceeds of $1.66 million to fund exploration and drilling activities at its Swanson Gold Deposit [1][4]. Financial Summary - The private placement generated aggregate gross proceeds of $1,663,370 through the issuance of 2,410,682 flow-through units at a price of $0.69 per unit [1]. - Each flow-through unit consists of one common share and one share purchase warrant, with the warrants exercisable at $0.75 for a period of 24 months [2][3]. Use of Proceeds - Proceeds from the flow-through units will be allocated to exploration and drilling programs at the Swanson Gold Project, including ore-sorting and metallurgical testwork [4]. - The company aims to support mineral resource estimates and assess the economic viability of the Swanson Gold Deposit [4]. Project Development - LaFleur Minerals is collaborating with ERM to complete a Preliminary Economic Assessment (PEA) for the potential restart of gold production at its Beacon Gold Mill, which will process material from the Swanson Gold Deposit [5]. - The Swanson Gold Project spans approximately 18,304 hectares and includes several gold-rich prospects [10]. Regulatory and Tax Considerations - The securities issued under the offering are subject to a hold period of four months plus one day from the date of issue [2]. - The company will renounce qualifying expenditures related to the flow-through shares, which will be effective no later than December 31, 2025 [5][7].