- Lahontan Gold Corp. (LG) has closed a non-brokered private placement for gross proceeds of $50,050
- The net proceeds will be used primarily for exploration expenditures on the company’s Santa Fe Mine in Nevada
- Lahontan Gold Corp. is a Canadian mineral exploration company that holds three top-tier gold and silver exploration properties in Nevada
- Lahontan Gold Corp. (LG) opened trading at C$0.14
Lahontan Gold Corp. (LG) has closed a non-brokered private placement for gross proceeds of $50,050.
Under the offering, Lahontan issued 455,000 units at a price of $0.11 per unit. Each unit includes one common share and one-half of one common share purchase warrant. Each whole warrant is exercisable to acquire one common share until February 28, 2026, at a price of $0.18.
The securities issued are subject to a statutory four-month hold period.
The net proceeds will be used primarily for exploration expenditures on the company’s Santa Fe, Nevada property.
About Lahontan Gold Corp.
Lahontan Gold Corp. is a Canadian mineral exploration company that holds, through its US subsidiaries, three top-tier gold and silver exploration properties in Nevada. Lahontan’s flagship property, the Santa Fe Mine, is a past-producing gold and silver mine (past production of 345,000 ounces of gold and 711,000 ounces of silver between 1988 and 1995; Nevada Bureau of Mines and Geology, 1995). The company plans to continue to explore the entire property during 2023 and begin evaluating development scenarios to bring the Santa Fe Mine back into production.
Lahontan Gold Corp. (LG) opened trading at C$0.14.