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Lavras Gold Corp ( (TSE:LGC) ) has issued an update.
Lahontan Gold Corp. announced the closing of a non-brokered private placement financing, raising CAD $720,000 through the issuance of 36,000,000 common shares. Victoria Gold Corp. completed the sale of 42,132,139 Common Shares, representing 17.4% of Lahontan’s outstanding shares, to existing shareholders. This move aligns management with key shareholders and removes a share overhang that has negatively impacted the company’s share price. The proceeds will primarily support working capital, exploration, and development activities at the Santa Fe Mine project, enhancing the company’s future economic assessments.
More about Lavras Gold Corp
YTD Price Performance: -8.33%
Average Trading Volume: 38,662
Technical Sentiment Consensus Rating: Sell
For detailed information about LGC stock, go to TipRanks’ Stock Analysis page.
