LaFleur Minerals Engages Advisors for Strategic Beacon Gold Mill Restart Debt Financing and Announces LIFE and Charity Flow-Through Unit Offerings
Vancouver, British Columbia--(Newsfile Corp. - July 30, 2025) - LaFleur Minerals Inc. (CSE: LFLR) (FSE: 3WK0) ("LaFleur Minerals" or the "Company" or "Issuer") is pleased to announce that it has entered into an arm's length engagement agreement (the "Agreement") dated July 25, 2025, with FMI Securities Inc. ("FMIS"), an Ontario-registered Exempt Market Dealer, and FM Global Markets Inc. ("FMGM"), a FINRA-registered U.S. dealer (together with FMIS, the "Agents"). Under the Agreement, the Agents will act as exclusive corporate finance advisors and placement agents on a best-efforts basis to LaFleur Minerals for a proposed secured debt financing of up to CAD $5,000,000 (the "Debt Financing") for the purpose of restarting gold production at the Beacon Gold Mill, located in Val d'Or, Quebec, Canada.
The proposed Debt Financing is intended to support the advancement of the Company's restart and commissioning of its 100%-owned Beacon Gold Mill in Val-d'Or, Québec. The term of the engagement is 180 days and may be terminated earlier by either party with written notice. The Company confirms that no securities have been issued or will be issued to the Agents in connection with the Agreement or the provision of the Agent's services thereunder. As compensation for their services, the Agents will receive a non-refundable work fee of CAD $25,000 payable in cash upon signing of the agreement and will receive a 4% cash commission on gross proceeds raised from lenders introduced by the Agents and a 2% reduced cash commission for closings involving pre-approved parties on the Company's exclusion list. A break fee of CAD $50,000 payable in cash is due if a secured debt financing is completed without the Agents during the agreement term.
NON-BROKERED PRIVATE PLACEMENT OF LIFE AND CHARITY FLOW-THROUGH UNITS
LIFE Offering
The Company also announces a non-brokered private placement offering of up to 6,000,000 units of the Company (the "Units") at a price of $0.48 per Unit gross proceeds of up to $2,880,000 (the "LIFE Offering"). Each Unit will consist of one (1) common share in the capital of the Company (each a "Common Share") and one (1) Common Share purchase warrant (a "Warrant") granting the holder the right to purchase one (1) additional Common Share of the Company (a "Warrant Share") at a price of $0.75 at any time on or before 24 months from the Closing Date (defined below). The Warrants will be subject to an accelerated expiry upon thirty (30) business days' notice from the Company in the event the closing price of the Common Shares on the Canadian Securities Exchange (the "CSE") is equal to or above a price of $0.90 for fourteen (14) consecutive trading days any time after closing of the Offering.
The gross proceeds from the LIFE Offering will be used for the advancement of exploration initiatives at the Company's Swanson Gold Project and for operational purposes at the Beacon Gold Mill, in addition to working capital and general corporate expenses.
The Units will be offered for sale pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 - Prospectus Exemptions, as amended by CSA Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption, to purchasers resident in Canada, excluding Quebec, and other qualifying jurisdictions.