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An update from Lahontan Gold Corp. ( (TSE:LG) ) is now available.
Lahontan Gold Corp. announced the closing of a private placement financing, generating Cdn$720,000 through the issuance of 36 million common shares. This financing and the sale of shares by Victoria Gold Corp. to existing shareholders, including institutional investors, have aligned the company’s management with key stakeholders, facilitating future development of the Santa Fe Mine project. The sale by Victoria Gold, which had been in receivership, removed a share overhang that negatively impacted Lahontan’s share price, positioning the company for a successful 2025 with planned mine permitting and project assessments.
More about Lahontan Gold Corp.
Lahontan Gold Corp. operates in the mining industry, focusing on the development and exploration of precious metals, with a particular emphasis on its Santa Fe Mine project.
YTD Price Performance: 50.0%
Average Trading Volume: 422,997
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$5.92M
For an in-depth examination of LG stock, go to TipRanks’ Stock Analysis page.
