Lavras Gold upsizes previously announced non-brokered private placement
News release 2023-14
NEWS RELEASE: Lavras Gold upsizes previously announced non-brokered private placement (September 19, 2023) 1
Not for dissemination in the United States or for distribution to United States News Wire Services
Lavras Gold upsizes previously announced non-brokered private
placement
TORONTO, ONTARIO – September 19, 2023 – Lavras Gold Corp. (the “Company”) (TSXV: LGC, OTCQB:
LGCFF) announces that further to its news release of September 11, 2023, the Company has increased its
private placement offering (the “Offering”) from a private placement of up to 8,000,000 common
shares (each, a “Common Share”) to up to 10,000,000 Common Shares. The Common Shares will be
issued at a price of CAD$1.35 per Common Share for gross proceeds of up to CAD$13,500,000. The
increase in the Offering is due to investor demand.
The net proceeds of the Offering are expected to be used primarily for exploration expenses on the
Company's LDS Project in Rio Grande do Sul State of Brazil, and for general working capital purposes.
The Offering will be conducted pursuant to available exemptions from the registration and prospectus
requirements of applicable securities legislation, including sales to accredited investors and to close
personal friends and business associates of directors and officers of the Company.
The completion of the Offering is subject to the receipt of all regulatory and other approvals, including
the approval of the TSX Venture Exchange. All securities issued in connection with the Offering will be
subject to a hold period of four months plus a day from the date of issuance and the resale rules of
applicable securities legislation.
This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities in
the United States. The securities have not been and will not be registered under the United States
Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be
offered or sold within the United States or to U.S. Persons as defined under applicable United States
securities laws unless registered under the U.S. Securities Act and applicable state securities laws or an
exemption from such registration is available.
About Lavras Gold
Lavras Gold Corp. (TSXV: LGC, OTCQB: 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 23 gold prospects centred on historic gold workings have been identified on the property,
which spans more than 22,000 hectares. Follow Lavras Gold on www.lavrasgold.com, as well as on
LinkedIn, Twitter, and YouTube.
Contact information
Hemdat Sawh, CFO | [email protected] |+1-416-671-4966
DISCLAIMER AND FORWARD-LOOKING INFORMATION
Neither the TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of the content of this news release.
This news release contains certain “forward-looking information” within the meaning of applicable securities laws. Forward-looking
information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”,
“will”, “would”, “potential”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur.
These statements, including those on planned exploration activities and goals, are only objectives and predictions. Forward-looking
information is based on the opinions and estimates of management at the date the information is provided, and is subject to a
variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected
in the forward-looking information, including the risks and factors that generally affect exploration and the uncertainty of exploration
results. For a description of the risks and uncertainties facing the Company and its business, refer to the Company’s Management’s
Discussion and Analysis recently filed under the Company’s profile on www.sedar.com. The Company undertakes no obligation to
update forward-looking information if circumstances or management’s estimates or opinions should change, unless required by law.
The reader is cautioned not to place undue reliance on forward-looking information.