San Lorenzo Closes Final Tranche of Private Placement
SAN LORENZO CLOSES FINAL TRANCHE OF PRIVATE PLACEMENT
CALGARY, ALBERTA, April 28, 2022 – San Lorenzo Gold Corp. (" San Lorenzo " or the
"Corporation") (TSXV – SLG, OTCQB - SNLGF) is pleased to announce that it has closed the
third and final tranche (the " Final Tranche Closing ") of its previously announced private
placement of units of the Corporation ("Units") at a price of $0.10 per Unit (the "Offering"). Each
Unit is comprised of one (1) common share of the Corporation (“ Common Share”) and one (1)
Common Share purchase warrant (“Warrant”). Each Warrant is exercisable at $0.20 per Common
Share for a period of 12 months from the date of issuance.
The Final Tranche Closing yielded gross proceeds of $315,000 which involved the issuance of
3,150,000 Units comprised of 3,150,000 Common Shares and 3,150,000 Warrants. Finder’s fees
in the aggregate amount of $1,050 and 10,500 broker warrants (" Broker Warrants") were paid
and issued in respect of the Final Tranche Closing. Each Broker Warrant entitles the holder to
acquire one Common Share at a price of $0.10 per Broker Warrant for a period of 12 months from
the date of issuance.
Proceeds from the Offering will be used for working capital purposes including the costs for the
drilling program at the Corporation’s Salvadora property and to pay the expenses associated with
the Offering.
Completion of the Offering is subject to regulatory approval including, but not limited to, the
approval of the TSX Venture Exchange. The securities issued under the Final Tranche Closing
are subject to a four month hold period from the date of the Final Tranche Closing.
For further information on the Corporation, readers are referred to the Corporation’s website at
www.sanlorenzogold.com and its Canadian regulatory filings on SEDAR at www.sedar.com.
About San Lorenzo Gold Corp.
San Lorenzo Gold is in the business of exploring for and advancing mineral properties. The
Corporation currently has three 100% owned properties in Chile: Salvadora, Nancagua and Punta
Alta. The Salvadora property is being explored for large scale copper-gold porphyry targets and
high grade epithermal gold-silver-copper vein systems, Nancagua is a high grade mesothermal
gold-silver prospect and Punta Alta is a copper – gold porphyry prospect with related
disseminated and vein style copper-gold-silver-cobalt mineralization.
For further information, please contact:
Al Kroontje, Chairman Ken Booth, President
Email: [email protected] Email: [email protected]
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 news release.
Not for distribution to United States newswire services or for release, publication, distribution or
dissemination directly, or indirectly, in whole or in part, in or into the United States
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Forward-Looking Information
This news release may contain certain forward-looking information and forward-looking statements within the meaning
of applicable securities legislation (collectively "forward-looking statements"). Generally, forward-looking statements
can be identified by the use of forward-looking terminology such as "expected", "will", "anticipated", "aims to", "plans
to" or "intends to" or variations of such words and phrases or statements that certain actions, events or results "will"
occur. In particular, this news release contains forward-looking statements relating to, among other things: the use of
proceeds from the Offering; and the Corporation's ability to obtain necessary approvals from the TSX Venture
Exchange. Such forward-looking statements are based on various assumptions and factors that may prove to be
incorrect, including, but not limited to, factors and assumptions with respect to: the general stability of the economic
and political environment in which the Corporation operates; the timely receipt of required regulatory approvals; the
ability of the Corporation to obtain future financing on acceptable terms; currency, exchange and interest rates;
operating costs; the success the Corporation will have in exploring its prospects and the results from such prospects.
You are cautioned that the foregoing list of material factors and assumptions is not exhaustive. Although the Corporation
believes that the assumptions and factors on which such forward-looking statements are based are reasonable, undue
reliance should not be placed on the forward-looking statements because the Corporation can give no assurance that
they will prove to be correct or that any of the events anticipated by such forward-looking statements will transpire or
occur, or if any of them do so, what benefits the Corporation will derive there from. Actual results could differ materially
from those currently anticipated due to a number of factors and risks including, but not limited to: fluctuations in market
conditions, including securities markets; economic factors; the risk that the Corporation will not receive the approvals
necessary in connection with the Offering; and the impact of general economic conditions and the COVID-19 pandemic.
The Corporation does not undertake to update any forward-looking statements herein, except as required by applicable
securities laws. All forward-looking statements contained in this news release are expressly qualified by this cautionary
statement