Lavras Gold Corp. Announces $10 million Public Offering The Base Shelf Prospectus is accessible, and the Prospectus Supplement will be accessible within two business days, through SEDAR+
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Lavras Gold Corp. Announces $10 million Public Offering
The Base Shelf Prospectus is accessible, and the Prospectus Supplement will be
accessible within two business days, through SEDAR+
Toronto, Ontario – January 21, 2026 – Lavras Gold Corp. (TSX-V:LGC, OTCQ X:LGCFF)
(“Lavras Gold” or the “Company”) is pleased to announce that it has entered into an agreement
with Canaccord Genuity Corp., as lead underwriter and sole bookrunner on behalf of a syndicate
of underwriters (collectively, the " Underwriters"), pursuant to which the Underwriters have
agreed to purchase, on a bought deal basis, an aggregate of 2,942,000 common shares of the
Company (the " Shares") at a price of C$ 3.40 per Share (the " Offering Price") for aggregate
gross proceeds to the Company of approximately C$10,002,800 (the "Offering").
The Company has granted the Underwriters an option (the “Over-Allotment Option”) to purchase
up to an additional 441,300 Shares at the Offering Price, exercisable at any time, for a period of
30 days after and including the Closing Date, which, if exercised in full, would result in additional
gross proceeds of approximately C$1,500,420.
The Company intends to use the net proceeds of the Offering for project development, exploration
and resource drilling and general corporate purposes.
The Shares will be offered by way of a prospectus supplement (the “Prospectus Supplement”)
to the Company’s short form base shelf prospectus dated November 26, 2024 (the “ Base Shelf
Prospectus”) to be filed in all provinces of Canada, other than Quebec. The Prospectus
Supplement contains important information about the Offering. The Shares may also be offered
by way of private placement in the United States and in offshore jurisdictions as agreed between
the Company and the Underwriters.
The Offering is expected to close on or before January 29, 2026, or such other date as agreed
between the Company and the Underwriters and is subject to certain conditions including, but not
limited to, the receipt of all necessary regulatory and stock exchange approvals, including the
approval of the TSX Venture Exchange.
Access to the Prospectus Supplement, the Base Shelf Prospectus and any amendments thereto
is provided in accordance with securities legislation relating to the procedures for providing access
to a shelf prospectus supplement, a base shelf prospectus and any amendment to such
documents. The Base Shelf Prospectus is, and the Prospectus Supplement will be filed and
available under the Company’s profile on SEDAR+ at www.sedarplus.ca within two (2) business
days. Alternatively, an electronic or paper copy of the Prospectus Supplement, the corresponding
Base Shelf Prospectus and any amendment to the documents may be obtained without charge
upon request by contacting the Chief Financial Officer of the Company, at Suite 200, 82 Richmond
Street East, Toronto, Ontario M5C 1P1 or Canaccord Genuity at [email protected] (416.869.3052)
by providing the contact 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.
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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 Shares in any jurisdiction in which such offer, solicitation, or sale would
be unlawful prior to registration or qualification under the securities laws of that jurisdiction.
The securities being offered have not been, nor will they be, registered under the United States
Securities Act of 1933, as amended (the “ U.S. Securities Act”), and may not be offered or sold
in the United States absent registration or an applicable exemption from the registration
requirements of the U.S. Securities Act. This press 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 any State in which
such offer, solicitation or sale would be unlawful.
About Lavras Gold Corp.
Lavras Gold Corp. (TSXV: LGC, OTCQX: LGCFF) is a Canadian exploration company focused
on realizing the potential of its LDS Project situated in a highly prospective gold district in southern
Brazil. The LDS Project is located near the town of Lavras do Sul in Rio Grande do Sul, in Rio
Grande do Sul State of Brazil 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 LDS Project propert ies, which span more than 23 ,000 hectares. Follow Lavras Gold on
www.lavrasgold.com, as well as on LinkedIn, Twitter, and YouTube.
On Behalf of Lavras Gold Corp.
“Hemdat Sawh”
Interim President & CEO, and CFO
For further information, please visit the Lavras Gold Corp. website at www.lavrasgold.com, or
contact:
Hemdat Sawh, Interim President & CEO, and CFO
Phone: +1-289-624-1375
Email: [email protected]
Website: www.lavrasgold.com
X (Twitter): @LavrasGold
LinkedIn: https://www.linkedin.com/company/lavras-gold-corp
Disclaimer: Neither 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.
Forward looking statements: 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, are forward -looking statements that involve various risks and uncertainties , including regarding the
closing of the Offering, the use of proceeds of the Offering, and receipt of all necessary approvals. 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
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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 an d 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.