THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES
VANCOUVER, BC – February 12, 2025
LAFLEUR MINERALS INC. (CSE: LFLR, OTCQB: LFLRF) (the “Company”) announces that, further to its news releases on December 11, 2024, and January 20, 2025, it has completed the second tranche of a non-brokered private placement. The Company has issued 500,000 units (the “Units”) at a price of $0.30 per Unit, generating gross proceeds of $150,000 (the “Offering”).
Offering Details
Each Unit consists of:
- One common share in the capital of the Company (a “Share”)
- One Share purchase warrant (a “Warrant”)
Each Warrant entitles the holder to acquire one additional Share (a “Warrant Share”) at a price of $0.55 per Warrant Share for a period of two (2) years from the date of closing (the “Closing Date”).
Accelerated Expiry Clause
The Warrants will be subject to accelerated expiry upon thirty (30) business days' notice from the Company if the closing price of the Shares on the Canadian Securities Exchange reaches or exceeds $0.65 for ten (10) consecutive trading days, anytime after four (4) months following the Closing Date.
Use of Proceeds
The net proceeds from the Offering will be used for:
- Advancement of the Company’s mineral properties
- General working capital purposes
The securities issued under the Offering are subject to a statutory hold period in Canada, expiring four (4) months and one day from the Closing Date.
Regulatory Compliance
The securities issued pursuant to the Offering have not been and will not be registered under the United States Securities Act of 1933, as amended. As a result, they may not be offered or sold within the United States or to U.S. persons without registration or an applicable exemption.
This news release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States or any other jurisdiction where such an offer or sale would be unlawful.
About LaFleur Minerals Inc.
LaFleur Minerals Inc. (CSE: LFLR, OTCQB: LFLRF) is focused on developing district-scale gold projects in the Abitibi Gold Belt near Val-d'Or, Québec. The Company’s mission is to advance mining projects with a focus on:
- Swanson Gold Project
- Beacon Gold Mill and Property
Swanson Gold Project
- Over 15,000 hectares (150 km²) in size
- Rich in gold and critical metals
- Previously held by Monarch Mining, Abcourt Mines, and Globex Mining
- Hosts the Swanson, Bartec, and Jolin gold deposits
- Accessible by road with a rail line running through the property
- Direct access to several nearby gold mills
Beacon Gold Mill
- Fully refurbished and permitted
- Processing capacity of 750+ tonnes per day
- Potential for processing mineralized material from Swanson
- Capable of custom milling operations for other nearby gold projects
Contact Information
Paul Ténière, P.Geo.
Chief Executive Officer
📧 E: info@lafleurminerals.com
📍 LaFleur Minerals Inc.
1500-1055 West Georgia Street
Vancouver, BC V6E 4N7
Regulatory Disclaimer
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 certain forward-looking statements. These statements are not historical facts and are identified by terms such as:
- "expects"
- "plans"
- "anticipates"
- "believes"
- "intends"
- "estimates"
- "projects"
- "potential"
- "will," "would," "may," "could," or "should"
Forward-Looking Statements Include
- The use of proceeds from the Offering
- Expected future market prices, capital availability, and business conditions
While the Company believes these expectations are based on reasonable assumptions, actual results may differ materially due to factors such as:
- Market fluctuations
- Capital availability
- Economic, market, or business conditions
Investors are cautioned that these statements are not guarantees of future performance. The Company undertakes no obligation to update these statements except as required by applicable securities laws.
LEGAL NOTICE
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