Lavras Announces Upsize of Best Efforts Public Offering to C$13 Million The Base Shelf Prospectus is accessible, and the Prospectus
Lavras Announces Upsize of Best Efforts
Public Offering to C$13 Million
The Base Shelf Prospectus is accessible, and the Prospectus
Supplement will be accessible on February 3, 2025, through
SEDAR+
Toronto, Ontario--(Newsfile Corp. - January 31, 2025) -
Lavras Gold Corp.
(TSXV: LGC) (OTCQX:
LGCFF) ("
Lavras
" or the "
Company
") is pleased to announce that the Company has entered into an
amending agreement with Paradigm Capital Inc. ("
Paradigm
") and Canaccord Genuity, as co-lead
agents and bookrunners, on behalf of a syndicate of agents (collectively, the "
Agents
") to increase the
size of its previously announced "best efforts" public offering, pursuant to which the Agents may now
arrange for the sale of 5,930,000 common shares of the Company (the "
Shares
") at a price of C$2.20
per Share (the "
Offering Price
") for gross proceeds of C$13,046,000 (the "
Upsized
Offering
").
The Company will grant the Agents an option, exercisable, in whole or in part, for up to 30 days following
the closing of the offering, to sell the number of Shares equal to up to an additional 15% of the Shares
sold pursuant to the Upsized Offering at the Offering Price to cover over-allotments, if any.
In all other respects, the terms of the offering and the use of proceeds therefrom will remain as previously
disclosed in the original press release dated January 30, 2025.
The Company intends to file a prospectus supplement (the "
Prospectus Supplement
") to its short form
base shelf prospectus dated November 26, 2024 (the "
Base Shelf Prospectus
") on February 3, 2025.
The Prospectus Supplement will be filed with the securities regulatory authorities in each of the
provinces and territories of Canada, except Québec. The Shares may also be offered by way of private
placement in the United States and in offshore jurisdictions. Delivery of the Base Shelf Prospectus and
the Prospectus Supplement and any amendments thereto will be satisfied in accordance with the
"access equals delivery" provisions of applicable Canadian securities legislation. An electronic or paper
copy of the Base Shelf Prospectus and the Prospectus Supplement, when available, may be obtained,
without charge, from Paradigm by e-mail at
by providing Paradigm with an
email address or address, as applicable. Prospective investors should read the Base Shelf Prospectus
and Prospectus Supplement and the documents incorporated by reference therein, as filed by the
Company on SEDAR+ at
www.sedarplus.ca
, before making an investment decision.
About Lavras Gold
Lavras Gold Corp. (TSXV: LGC) (OTCQX: LGCFF) is a Canadian exploration company focused on
realizing the potential of a multi-million-ounce gold district in southern Brazil. Its Lavras do Sul Project is
located in Rio Grande do Sul State and is primarily an intrusive hosted gold system of possible alkaline
affinity. More than 24 gold prospects centred on historic gold workings have been identified on the
property, which spans more than 23,000 hectares. Follow Lavras Gold on
http://www.lavrasgold.com/
, as well as on
,
, and
YouTube
.
Contact information
Michael Durose, President & CEO
or
Naomi Nemeth, VP Investor Relations
Phone: +1-289-624-1343 or +1-289-624-1377
Email:
Instagram:
lavrasgold
Website:
www.lavrasgold.com
X (Twitter):
@LavrasGold
LinkedIn:
Lavras Gold Corp.
DISCLAIMER AND FORWARD-LOOKING INFORMATION
This news release includes certain "forward-looking information" within the meaning of Canadian
securities legislation and "forward-looking statements" within the meaning of the United States Private
Securities Litigation Reform Act of 1995 (collectively "forward looking statements"). Forward-looking
statements include predictions, projections and forecasts and are often, but not always, identified by
the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "forecast", "expect",
"potential", "project", "target", "schedule", "budget" and "intend" and statements that an event or result
"may", "will", "should", "could" or "might" occur or be achieved and other similar expressions and
includes the negatives thereof. All statements other than statements of historical fact included in this
release, including, without limitation, statements regarding the Upsized Offering and the use of
proceeds in respect thereof, are forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will prove to be accurate and actual
results and future events could differ materially from those anticipated in such statements. Forward-
looking statements are based on a number of material factors and assumptions. Important factors that
could cause actual results to differ materially from Company's expectations include actual exploration
results, changes in project parameters as plans continue to be refined, results of future resource
estimates, future metal prices, availability of capital and financing on acceptable terms, general
economic, market or business conditions, uninsured risks, regulatory changes, defects in title,
availability of personnel, materials and equipment on a timely basis, accidents or equipment
breakdowns, delays in receiving government approvals, unanticipated environmental impacts on
operations and costs to remedy same, and other exploration or other risks detailed herein and from
time to time in the filings made by the Company with securities regulators.
Although the Company has attempted to identify important factors that could cause actual actions,
events or results to differ from those described in forward-looking statements, there may be other
factors that cause such actions, events or results to differ materially from those anticipated. There can
be no assurance that forward-looking statements will prove to be accurate and accordingly readers are
cautioned not to place undue reliance on forward-looking statements. For a discussion of risk factors
which could adversely affect the forward looking statements, see the Company's public record filings
at
www.sedarplus.ca
.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/239136