Revised Filing of the Amended and Restructured Offering Document by LaFleur Minerals
LaFleur Minerals Launches LIFE and Charity FT Offerings
LaFleur Minerals Inc., a Canadian mining company, has announced updates to its non-brokered private placement offerings. The company is conducting two concurrent offerings: the LIFE Offering and the Charity Flow-Through (FT) Offering.
The LIFE Offering aims to raise a minimum of 3,125,000 units and a maximum of 6,000,000 units at a price of $0.48 per unit. The minimum gross proceeds expected are approximately $1,500,000, and the maximum gross proceeds are approximately $2,880,000. Each unit in the LIFE Offering consists of one common share of LaFleur Minerals and one common share purchase warrant.
The Warrants in the LIFE Offering grant the holder the right to purchase one additional common share at an exercise price of $0.75. The Warrants are exercisable at any time on or before 24 months from the closing date of the offering. However, they are subject to an accelerated expiry if, after closing, the closing price of the common shares on the Canadian Securities Exchange (CSE) is equal to or above $0.90 for fourteen consecutive trading days. In such a case, the Company can call for expiry with 30 business days' notice.
In addition to the LIFE Offering, LaFleur Minerals is also conducting a concurrent non-brokered private placement, named the Charity FT Offering. The offering consists of a minimum of 1,449,276 charity flow-through units and a maximum of 3,750,000 charity flow-through units at a price of $0.69 per unit.
The gross proceeds from the issuance and sale of the Charity FT Units will be used on the Swanson Gold Project to incur Canadian Exploration Expenses and will qualify as flow-through mining expenditures. All securities issued in connection with the Charity FT Offering will be subject to a statutory hold period of four months and one day following the date of issuance.
LaFleur Minerals is focused on the development of district-scale gold projects in the Abitibi Gold Belt near Val-d'Or, Québec. The company has recently consolidated a large land package along a major structural break that hosts the Swanson, Bartec, and Jolin gold deposits and several other showings which make up the Swanson Gold Project. The project, approximately 18,304 hectares (183 km) in size, includes several prospects rich in gold and critical metals.
The Swanson Gold Project is easily accessible by road, allowing direct access to several nearby gold mills, further enhancing its development potential. The company's fully refurbished and permitted Beacon Gold Mill is capable of processing over 750 tonnes per day and is being considered for processing mineralized material at Swanson and for custom milling operations for other nearby gold projects.
The closing of the Offering (which includes both the LIFE Offering and the Charity FT Offering) is expected to occur on or about August 29, 2025. The offering proceeds are intended to fund exploration initiatives at the Swanson Gold Project, operational activities at the Beacon Gold Mill, and for general corporate purposes.
In summary, the LIFE Offering and the Charity FT Offering are crucial steps in LaFleur Minerals' mission to advance mining projects with a laser focus on the resource-stage Swanson Gold Deposit and the Beacon Gold Mill. The Swanson Gold Project has significant potential to deliver long-term value, and the offerings are expected to provide the necessary funds for its development.
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