LaFleur Minerals Closes LIFE, Flow Thru and Final Hard Dollar Offering for $900,000 to Complete Total of $7,800,421 Funding to Restart Beacon Gold Mill Production Operations in Abitibi Greenstone Belt

Core Viewpoint - LaFleur Minerals Inc. has successfully closed a non-brokered hard dollar private placement, raising a total of $900,000 to support its gold production operations and general working capital needs [1][2]. Financing Details - The company issued 1,800,000 units at a price of $0.50 per unit, with each unit consisting of one common share and one warrant to purchase an additional common share at $0.75 within 36 months [1]. - A cash commission of $63,000, representing 7% of the gross proceeds, was paid to qualified finders and brokers, along with 126,000 broker warrants [3]. Strategic Importance - The total financing raised by the company amounts to $7,800,421, marking a significant transition from exploration to near-term gold production [4]. - The funds will be utilized for the commissioning and restart of gold production at the Beacon Gold Mine and Mill, as well as for the Swanson Gold Project in Val d'Or, Québec [2][4]. Project Development - The Beacon Gold Mill has been recently updated and is capable of processing over 750 tonnes per day, enhancing its potential for processing mineralized material from the Swanson Gold Project [6]. - The company is nearing completion of a Preliminary Economic Assessment (PEA) that will provide a comprehensive economic study for sourcing mineralized material from the Swanson Gold Project [4].