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Lavras Gold Corp. Announces $10 million Public Offering
Globenewswire· 2026-01-21 21:22
Core Viewpoint - Lavras Gold Corp. has announced a bought deal offering of 2,942,000 common shares at C$3.40 per share, aiming to raise approximately C$10 million for project development and exploration activities [1][2]. Group 1: Offering Details - The offering price is set at C$3.40 per share, with total gross proceeds expected to be around C$10,002,800 [1]. - An over-allotment option allows underwriters to purchase an additional 441,300 shares within 30 days, potentially raising an extra C$1,500,420 if fully exercised [2]. - The offering is expected to close on or before January 29, 2026, subject to regulatory approvals [4]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated for project development, exploration, resource drilling, and general corporate purposes [2]. Group 3: Regulatory and Access Information - The shares will be offered through a prospectus supplement to the base shelf prospectus filed in Canada, excluding Quebec [3]. - Access to the prospectus documents will be available on SEDAR+ within two business days [5].