LaFleur Minerals Announces Non-Brokered Private Placement for Gross Proceeds of up to C$1.5 Million
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LaFleur Minerals Announces Non-Brokered Private Placement for Gross
Proceeds of up to C$1.5 Million
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES
VANCOUVER, B.C. – December 11, 2024 – TheNewswire - LAFLEUR MINERALS INC. (CSE: LFLR, OTCQB: WPNNF)
(“LaFleur Minerals” or the “Company”) announces a non-brokered private placement offering of up to 5,000,000
units (the “Units”) at a price of C$0.30 per Unit for gross proceeds of up to $ 1,500,000 (the “Offering”). Each
Unit will consist of one common share in the capital of the Company (a “Common Share”) and one Common
Share purchase warrant (a “ Warrant”). Each Warrant will entitle the holder thereof to acquire one Common
Share at an exercise price of C$0.55 per Common Share for a period of two years from the closing date of the
Offering. The Warrants will be subject to an accelerated expiry, whereas anytime after four (4) months following
the issue date of the Unit s that the closing price of the common shares of the Company on the Canadian
Securities Exchange (the “CSE”) is equal to or above a price of C$0.65 for ten (10) consecutive trading days, the
Company may file a notice to accelerate the expiry date of the Warrants to the date that is thirty (30) business
days following the date of such notice.
The net proceeds of the Offering are expected to be used for the advancement of the Company’s mineral
properties and for general working capital purposes. The securities issued under the Offering will be subject to
a statutory hold period in Canada expiring four (4) months and one day from the closing of the Offering. The
Company may pay a finder’s fee to eligible persons pursuant to applicable securities laws and CSE policies.
The securities issued pursuant to the Offering have not, nor will they be registered under the United States
Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the
account or benefit of, U.S. persons in the absence of U.S. registration or an applicable exemption from the U.S.
registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to
buy nor shall there be any sale of the securities in the Unite d States or in any other jurisdiction in which such
offer, solicitation or sale would be unlawful.
About LaFleur Minerals Inc.
LaFleur Minerals Inc. (CSE: LFLR, OTCQB: WPNNF) is focused on the development of district -scale gold projects
in the Abitibi Gold Belt near Val -d'Or, Québec. Our mission is to advance mining projects with a laser focus on
our advanced resource-stage Swanson Gold Project and the Beacon Gold Mill and Property, which have
significant potential to deliver long -term value. The Swanson Gold Project is over 15,000 hectares (150 km 2) in
size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt
Mines, and Globex Mining. LaFleur has recently consolidated a large land package along a major structural break
that hosts the Swanson, Bar tec, and Jolin gold deposits and several others which make up the Swanson Gold
Project. The Swanson Gold Project is easily accessible by road with a rail line running through the property
allowing direct access to several nearby gold mills, further enhancing its development potential. Lafleur Minerals
fully-refurbished and permitted Beacon Gold Mill is capable of processing over 1,000 tonnes per day and is being
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considered for processing mineralized material at Swanson and for custom milling operations for other nearby
gold projects.
LaFleur is currently acquiring high -resolution airborne geophysics (mag VLF -EM) to help identify mineralized
structures at Swanson and completing detailed soil surveys and prospecting/geological mapping for the purpose
of drill hole targeting with the goal to commence diamond drilling on several targets within the next several
months. Lafleur Minerals is also actively exploring its Mazerac Lithium Property adjacent to Power Metals’
Mazerac Lithium Property.
ON BEHALF OF LAFLEUR MINERALS INC.
Paul Ténière, P.Geo.
Chief Executive Officer
LaFleur Minerals Inc.
1500-1055 West Georgia Street
Vancouver, BC V6E 4N7
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the
adequacy or accuracy of this news release.
Cautionary Statement Regarding “Forward-Looking” Information
This news release includes certain statements that may be deemed “forward-looking statements”. All statements
in this new release, other than statements of historical facts, that address events or developments that the
Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are
not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”,
“believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions
“will”, “would”, “ma y”, “could” or “should” occur. Forward-looking statements in this news release include,
without limitation, statements related to the completion of the Offering and the anticipated use of proceeds
therefrom. Although the Company believes the expectations expressed in such forward -looking statements are
based on reasonable assumptions, such statements are not guarantees of future performance and actual results
may differ materially from those in the forward -looking statements. Factors that could cause the a ctual results
to differ materially from those in forward -looking statements include market prices, continued availability of
capital and financing, and general economic, market or business conditions. Investors are cautioned that any
such statements are no t guarantees of future performance and actual results or developments may differ
materially from those projected in the forward-looking statements. Forward-looking statements are based on the
beliefs, estimates and opinions of the Company’s management on t he date the statements are made. Except as
required by applicable securities laws, the Company undertakes no obligation to update these forward -looking
statements in the event that management's beliefs, estimates or opinions, or other factors, should change.