Lara Successfully Completes $4 Million Private Placement
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NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES
NOR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA
NEWS RELEASE
LARA SUCCESSFULLY COMPLETES $4 MILLION PRIVATE PLACEMENT
Vancouver, British Columbia, June 17, 2022 (TSX Venture: LRA) – Lara Exploration Ltd., is pleased to report
that it has completed a non-brokered private placement financing raising $3,999,999.90 by the issuance of 6,153,846
units at $0.65 per unit. Each unit consisted of one common share and one half o f a non-transferable common share
purchase warrant. Each warrant entitles the holder to purcha se an additional common share at $ 1.00 until June 17,
2025. If, after October 17, 2022, the closing price of the Company’s shares on the TSX Venture Exchange is $1.20
or greater for any per iod o f 10 consecutive trading days, the C ompany m ay, by news relea se issued within five
trading days thereof, accelerate the expiry of the warrants to the 21st trading day after such news release.
The Company paid finders’ fees of 4% in units to Haywood Securities Inc. (1,520 units) and Primary Capital Inc.
(18,000 units) in respect of subscriptions from investors introduced by them as finders.
Four insiders of the Company purchased 614,460 units and a Pro Group member purchased a further 38,000 units.
The purchases by insiders each constituted a “related party transaction” under Multilateral Instrument 61 -101
Protection of Minority Security Hold ers in Special Transactions but was exempt from the formal valuation and
minority shareholder approval requirements th ereof as described in a material change report filed by Lara on
May 27, 2022.
The shares, and any shares issued on the exerci se of the warrants, are subject to a restricted resale period under
Canadian securities law until October 18, 2022.
The proce eds of the offering will be used by Lara to further its mineral property acquisi tion and exploration
activities and for general corporate purposes.
About Lara Exploration
Lara is an explor ation company fo llowing the P rospect and Royalty Generator busines s model, which aims to
minimize shareholder dilution and financial risk by generating prospects and exploring them in joint ventures funded
by partner s, retaining a minority interest and or a royalty. The C ompany curren tly holds a diverse portfolio of
prospects, deposits and royalties in Brazil , Peru and Chile . Lara’s common shares trade on the TSX Venture
Exchange under the symbol “LRA”.
For further information on Lara Exploration Ltd. please consult our website www.laraexploration.com, or contact
Chris MacIntyre, VP Corporate Development, at +1 416 703 0010.
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility
for the adequacy or accuracy of this release.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in th e United States of America. The
securities have not been and w ill not be registered under the United States Securi ties Act of 1933 ( the “U.S. Securities Act”) or any sta te
securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined in the U.S. Securities Act) unless registered
under the U.S. Securities Act and applicable state securities laws, or an exemption from such registration is available.
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TSX-Venture: LRA
Suite 501-543 Granville Street
Vancouver BC V6C 1X8
Canada
www.laraexploration.com T: 604.669.8777
F: 604.688.1157