Lahontan Gold Corp’s Strategic $3 Million Fundraising

Lahontan Gold Corp. (TSE:LG) has released an update.

Lahontan Gold Corp has announced a best efforts private placement offering, aiming to raise $3 million through the sale of units at $0.06 each, which includes common shares and warrants. The proceeds from the offering are intended for exploration, working capital, and general corporate purposes, with an additional option for agents to sell more units two days before closing. The offering is expected to close by April 30, 2024, subject to regulatory approvals, and includes a four-month hold period on the securities issued.

For further insights into TSE:LG stock, check out TipRanks’ Stock Analysis page.