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Lavras Gold Corp ( (TSE:LGC) ) has issued an announcement.
Lavras Gold Corp. has announced an increase in its ‘best efforts’ public offering to raise C$13 million by selling 5,930,000 common shares at C$2.20 each. The upsized offering, managed by Paradigm Capital Inc. and Canaccord Genuity, supports the company’s strategy to advance its gold exploration projects, potentially enhancing its market position in the gold industry.
More about Lavras Gold Corp
Lavras Gold Corp. is a Canadian exploration company focused on developing a multi-million-ounce gold district in southern Brazil. The company’s Lavras do Sul Project, located in Rio Grande do Sul State, is an intrusive hosted gold system with potential alkaline affinity, covering more than 23,000 hectares and containing over 24 identified gold prospects.
YTD Price Performance: 0.83%
Average Trading Volume: 31,633
Technical Sentiment Consensus Rating: Sell
Learn more about LGC stock on TipRanks’ Stock Analysis page.
