NEWS RELEASE
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES
Vancouver, B.C. – December 11, 2024
CSE: LFLR | OTCQB: WPNNF
LaFleur Minerals Inc. (“LaFleur Minerals” or the “Company”) is pleased to announce a non-brokered private placement offering of up to 5,000,000 units (the “Units”) at a price of C$0.30 per Unit, for gross proceeds of up to C$1,500,000 (the “Offering”).
Key Details of the Offering
- Unit Composition:
Each Unit will include:- One common share in the capital of the Company (a “Common Share”).
- One Common Share purchase warrant (a “Warrant”).
- Warrant Terms:
- Each Warrant entitles the holder to acquire one Common Share at an exercise price of C$0.55 for a period of two years from the closing date of the Offering.
- Warrants are subject to accelerated expiry if, after four months from the issuance date, the closing price of the Company's shares on the Canadian Securities Exchange (CSE) is C$0.65 or higher for 10 consecutive trading days. In such a case, the Company may issue a notice to accelerate the expiry date to 30 business days from the notice.
- Use of Proceeds:
The net proceeds will be used for:- Advancing the Company’s mineral properties.
- General working capital purposes.
- Regulatory Details:
- Securities issued will be subject to a statutory hold period in Canada of four months and one day from the closing date.
- The Company may pay a finder’s fee to eligible persons, as per applicable securities laws and CSE policies.
United States Restrictions
The securities offered have not been registered under the United States Securities Act of 1933 and may not be offered or sold within the United States or to U.S. persons unless an exemption applies. This announcement does not constitute an offer to sell or solicit purchases in the United States or any jurisdiction where such an offer would be unlawful.
About LaFleur Minerals Inc.
LaFleur Minerals Inc. focuses on developing district-scale gold projects in the Abitibi Gold Belt near Val-d’Or, Québec. The Company’s portfolio includes:
- Swanson Gold Project:
- Spans over 15,000 hectares (150 km²), hosting multiple gold-rich prospects.
- Accessible by road and rail, with proximity to several nearby gold mills.
- Beacon Gold Mill:
- Fully refurbished and permitted.
- Capable of processing 1,000+ tonnes/day, supporting both Swanson's development and custom milling for nearby projects.
- Mazerac Lithium Property:
- Adjacent to Power Metals’ Mazerac Lithium Property.
- Active exploration includes airborne geophysics, soil surveys, and diamond drilling planned for Swanson.
Contact Information
Paul Ténière, P.Geo.
Chief Executive Officer
- Email: info@lafleurminerals.com
- Address: LaFleur Minerals Inc.
1500-1055 West Georgia Street, Vancouver, BC V6E 4N7
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Statement Regarding Forward-Looking Information
This news release contains forward-looking statements. These include expectations about the Offering’s completion, use of proceeds, and future Company developments. Forward-looking statements are based on management’s beliefs and assumptions as of the date of this release. Actual results may vary due to market conditions, financing availability, and other factors. The Company undertakes no obligation to update forward-looking statements unless required by law.
