San Lorenzo Gold Announces First Closing Of Private Placement

Core Insights - San Lorenzo Gold Corp. has received conditional approval for a non-brokered best-efforts private placement of Units from the TSX Venture Exchange, with the first closing completed on December 19, 2025, involving the issuance of 4,110,226 Units for gross proceeds of $2,548,340.12 [1] - Each Unit consists of one common share and one half of a purchase warrant, with full Warrants allowing the purchase of additional Common Shares at $0.80 for two years [1] - The company has received subscription agreements exceeding the increased maximum of $5,000,000 and anticipates closing on those additional subscriptions [2] Financial Details - The First Closing resulted in gross proceeds of $2,548,340.12, with cash commissions totaling $81,329.95 and the issuance of 131,177 broker warrants [1] - Each broker warrant allows the holder to acquire a Common Share at a price of $0.80 for one year from the Closing Date [1] Company Focus - San Lorenzo is advancing its flagship Salvadora property located in Chile's mega-porphyry belt, with prior drilling results indicating significant gold and copper enriched systems [2]