Lahontan Gold Corp. Successfully Closes Non-Brokered Private Placement Financing
February 4, 2025
Toronto, Ontario–(Newsfile Corp.) – Lahontan Gold Corp. (TSXV: LG) (OTCQB: LGCXF) is pleased to announce the successful closing of its non-brokered private placement financing. The Company raised gross proceeds of Cdn$720,000 through the issuance of 36,000,000 common shares at a price of Cdn$0.02 per share.
This latest development comes after Lahontan’s press release on January 17, 2025, where the Company first announced its intention to proceed with the private placement. The Offering was well-received by investors, allowing Lahontan to secure the necessary funding to support its ongoing operations and growth initiatives.
In addition to the successful financing, Lahontan also announced that Victoria Gold Corp. has completed the sale of 42,132,139 common shares of Lahontan, representing 17.4% of the Company’s outstanding shares post-offering. This strategic move by Victoria highlights confidence in Lahontan’s future prospects and aligns with both companies’ strategic objectives.
Lahontan Gold Corp. remains focused on driving value for its shareholders through its exploration and development activities in the mining sector. The Company’s strong leadership team and commitment to operational excellence position it well for future success in the industry.
Impact on Individuals:
As an individual investor, the successful closing of Lahontan’s private placement financing may present an opportunity to participate in the company’s growth potential. By securing additional funding, Lahontan is better positioned to execute on its strategic objectives and potentially deliver value to its shareholders in the long term.
Global Implications:
The successful completion of Lahontan’s private placement financing reflects a positive sentiment towards the mining sector as a whole. This could have broader implications for the global mining industry, indicating increased investor confidence and interest in resource exploration and development projects.
Conclusion:
Overall, Lahontan Gold Corp.’s successful non-brokered private placement financing marks a significant milestone for the Company and its stakeholders. The funding secured will enable Lahontan to advance its growth initiatives and continue its exploration and development activities in the mining sector. With strong industry fundamentals and a solid strategic outlook, Lahontan is well-positioned for continued success in the future.
