LaFleur Minerals Completes Second Tranche of Private Placement

The latest update is out from LaFleur Minerals ( (TSE:LFLR) ).

LaFleur Minerals has completed the second tranche of a non-brokered private placement, issuing 500,000 units at $0.30 per unit, raising $150,000. Each unit consists of a common share and a warrant, allowing the purchase of additional shares at $0.55 for two years. The proceeds are designated for advancing the company’s mineral properties and general working capital. This strategic move is expected to enhance LaFleur’s development potential in the gold mining sector and support their ongoing projects in the Abitibi Gold Belt.

More about LaFleur Minerals

LaFleur Minerals Inc. is a company focused on developing district-scale gold projects in the Abitibi Gold Belt near Val-d’Or, Québec. It emphasizes the advancement of the Swanson Gold Project and the Beacon Gold Mill and Property, which hold significant potential for long-term value. The Swanson Gold Project spans over 15,000 hectares and includes several gold-rich prospects, having been consolidated from previous holdings of Monarch Mining, Abcourt Mines, and Globex Mining.

YTD Price Performance: 920.0%

Average Trading Volume: 3,063

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $7.87M

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