Lahontan Gold Corp. Completes Private Placement Financing for Expansion

Lahontan Gold Corp. ( (TSE:LG) ) just unveiled an update.

Lahontan Gold Corp. announced the completion of a non-brokered private placement financing, raising CDN$720,000 through the issuance of 36 million common shares. The funds will be allocated towards general and administrative purposes, exploration and permitting at the Santa Fe Mine project, and metallurgical testing. This financing includes a related party transaction, with an insider acquiring a significant portion of the shares, but exemptions were applied under TSX Venture Exchange policies.

More about Lahontan Gold Corp.

Lahontan Gold Corp. operates in the mining industry, focusing on gold exploration and development. The company is involved in projects such as the Santa Fe Mine, where it conducts exploration and metallurgical testing.

YTD Price Performance: 50.0%

Average Trading Volume: 431,869

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$5.92M

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