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The latest announcement is out from Lahontan Gold Corp. ( (TSE:LG) ).
Lahontan Gold Corp. announced the successful closing of its upsized private placement, raising $2,135,285 through the issuance of 42,705,700 units. The financing was led by Larry Lepard’s Equity Management Associates, LLC, marking a significant investment in the company. The proceeds will be used for general working capital and exploration at the Santa Fe Mine Project. This move strengthens Lahontan’s financial position and enhances its exploration capabilities, potentially impacting its market presence and stakeholder interests.
More about Lahontan Gold Corp.
Lahontan Gold Corp. is a Canadian mine development and mineral exploration company focusing on gold and silver exploration properties in Nevada, USA. The company holds four top-tier properties, with its flagship being located in the Walker Lane, a mining-friendly region.
YTD Price Performance: 175.00%
Average Trading Volume: 454,677
Technical Sentiment Signal: Sell
Current Market Cap: C$13.32M
Learn more about LG stock on TipRanks’ Stock Analysis page.