LaFleur Minerals Announces Brokered Private Placement of Gold-Linked Convertible Notes to Finance Restart of Gold Production at Beacon Gold Mill

Core Viewpoint - LaFleur Minerals Inc. is initiating a brokered private placement of gold-linked convertible notes to raise between $4 million and $7 million to finance the restart of gold production at its Beacon Gold Mill in Québec [1][4]. Group 1: Financing Details - The gold-linked convertible notes will have a minimum principal amount of $4 million and a maximum of $7 million [1]. - Each note can be converted into common shares at a price of $0.80 per share and will bear an interest rate of 12% per annum, payable semi-annually [4]. - The notes will mature around November 30, 2028, with annual principal payments starting January 1, 2027 [4]. Group 2: Use of Proceeds - Proceeds from the financing will be allocated for general corporate purposes, operations, equipment, and expenses related to the Beacon Gold Mill restart [1]. Group 3: Agent and Fees - FMI Securities Inc. will act as the lead agent and sole bookrunner, receiving a cash fee of 7% of gross proceeds, reduced to 4% for certain purchasers [4][5]. - The agent will also receive broker warrants equal to 7% of the number of notes sold, with an exercise price of $0.80 [4]. Group 4: Company Overview - LaFleur Minerals is focused on developing gold projects in the Abitibi Gold Belt, with significant potential in the Swanson Gold Project and the Beacon Gold Mill [8]. - The Beacon Gold Mill is capable of processing over 750 tonnes per day and is positioned for custom milling operations for nearby gold projects [8].