LaFleur Minerals Closes First Tranche of Private Placement

LaFleur Minerals Closes First Tranche of Private Placement

(TheNewswire)

VANCOUVER, BC January 24, 2025 TheNewswire - LAFLEUR MINERALS INC. ( CSE: LFLR, OTCQB: LFLRF ) (the " Company ") announces that, further to its news release on December 11, 2024, it has completed the first tranche of a non-brokered private placement and issued 583,399 units of the Company (the " Units ") at a price of $0.30 per Unit for gross proceeds of $175,019.70 (the " Offering "). The Company plans to complete a second tranche of the Offering with the goal of raising up to $1.5 million.

Each Unit is comprised of one common share in the capital of the Company (a " Share ") and one Share purchase warrant (a " Warrant "). Each Warrant entitles the holder thereof 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 "). The Warrants will be subject to an accelerated expiry upon thirty (30) business days notice from the Company in the event the closing price of the Shares on the Canadian Securities Exchange is equal to or above a price of $0.65 for ten (10) consecutive trading days anytime after four (4) months following the Closing Date.

The net proceeds of the Offering are expected to be used for the advancement of the Company's mineral properties and for 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.

The securities issued pursuant to the Offering have not, nor will they be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons in the absence of U.S. registration or an applicable exemption from the U.S. registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful.

About LaFleur Minerals Inc.

LaFleur Minerals Inc. (CSE: LFLR, OTCQB: LFLRF ) is focused on the development of district-scale gold projects in the Abitibi Gold Belt near Val-d'Or, Québec. Our mission is to advance mining projects with a laser focus on our resource-stage Swanson Gold Project and the Beacon Gold Mill and Property, which have significant potential to deliver long-term value. The Swanson Gold Project is over 15,000 hectares (150 km 2 ) in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur has recently consolidated a large land package along a major structural break that hosts the Swanson, Bartec, and Jolin gold deposits and several other showings which make up the Swanson Gold Project. The Swanson Gold Project is easily accessible by road with a rail line running through the property allowing direct access to several nearby gold mills, further enhancing its development potential. Lafleur Minerals' fully-refurbished and permitted Beacon Gold Mill is capable of processing over 750 tonnes per day and is being considered for processing mineralized material at Swanson and for custom milling operations for other nearby gold projects.

ON BEHALF OF LAFLEUR MINERALS INC.

Paul Ténière, P.Geo.
Chief Executive Officer
E:
info@lafleurminerals.com

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 includes certain statements that may be deemed "forward-looking statements". All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements in this news release include, without limitation, statements related to the use of proceeds from the Offering. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES

Copyright (c) 2025 TheNewswire - All rights reserved.

News Provided by TheNewsWire via QuoteMedia

LFLR:CNX
LaFleur Minerals

LaFleur Minerals Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
LaFleur Minerals (CSE:LFLR)

LaFleur Minerals

Keep reading...Show less

Advancing a district-scale gold asset and near-producing mill in Quebec’s Abitibi Gold Belt

LaFleur Minerals Closes Fully Subscribed LIFE Offering and Announces Investor Relations Partnerships

LaFleur Minerals Closes Fully Subscribed LIFE Offering and Announces Investor Relations Partnerships

LaFleur Minerals Inc. (CSE: LFLR,OTC:LFLRF) (FSE: 3WK0) ("LaFleur Minerals" or the "Company" or "Issuer") is pleased to announce that, further to its news releases dated July 30, 2025, and August 29, 2025, the Company has completed its previously announced non-brokered private placement of units of the Company (the "LIFE Units") at a price of $0.48 per Unit under the Listed Issuer Financing Exemption (as defined herein) for gross proceeds of $2,880,000 (the "LIFE Offering"). The Company also intends to close its previously announced charity flow-through offering up to 3,750,000 charity flow-through units of the Company at a price of $0.69 per charity flow-through unit for gross proceeds of up to $2,587,500.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
LaFleur Minerals Files Amended and Restated Offering Document

LaFleur Minerals Files Amended and Restated Offering Document

LaFleur Minerals Inc. (CSE: LFLR,OTC:LFLRF) (FSE: 3WK0) ("LaFleur Minerals" or the "Company" or "Issuer") announces that, further to its news release dated July 30, 2025, the Company has revised the offering amounts for its previously announced financings.

LIFE Offering

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
LaFleur Minerals Provides Swanson Drilling Update, Acquires Key Swanson Claim, and Files Updated NI 43-101 Technical Report

LaFleur Minerals Provides Swanson Drilling Update, Acquires Key Swanson Claim, and Files Updated NI 43-101 Technical Report

LaFleur Minerals Inc. (CSE: LFLR,OTC:LFLRF) (OTCQB: LFLRF) (FSE: 3WK0) ("LaFleur Minerals" or the "Company") is pleased to announce that to date, seven (7) diamond drill holes totaling 1,764 metres have been completed at its Swanson Gold Project ("Swanson") since drilling commenced in early July (Figure 1). Three (3) of these holes have been sampled, sawn, and sent to the assay laboratory for analysis, with final results expected in the coming weeks. The Swanson Gold Project is particularly well positioned as it lies in the heart of the Abitibi Greenstone Belt near Val-d'Or, Québec, a globally renowned gold district.

Drilling is currently focused on the northern part of the Swanson Gold Project near the Swanson Gold Deposit, which hosts an Indicated and Inferred Mineral Resource Estimate. These regional exploration holes are testing geological, geophysical, and geochemical targets up to 3 km from the Swanson Gold Deposit and along strike of a major structural break. Visual core logging suggests that several of the completed holes intersected geological features similar to those hosting known mineralization at the Swanson Gold Deposit.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
LaFleur Minerals Engages Advisors for Strategic Beacon Gold Mill Restart Debt Financing and Announces LIFE and Charity Flow-Through Unit Offerings

LaFleur Minerals Engages Advisors for Strategic Beacon Gold Mill Restart Debt Financing and Announces LIFE and Charity Flow-Through Unit Offerings

LaFleur Minerals Inc. (CSE: LFLR,OTC:LFLRF) (FSE: 3WK0) ("LaFleur Minerals" or the "Company" or "Issuer") is pleased to announce that it has entered into an arm's length engagement agreement (the "Agreement") dated July 25, 2025, with FMI Securities Inc. ("FMIS"), an Ontario-registered Exempt Market Dealer, and FM Global Markets Inc. ("FMGM"), a FINRA-registered U.S. dealer (together with FMIS, the "Agents"). Under the Agreement, the Agents will act as exclusive corporate finance advisors and placement agents on a best-efforts basis to LaFleur Minerals for a proposed secured debt financing of up to CAD $5,000,000 (the "Debt Financing") for the purpose of restarting gold production at the Beacon Gold Mill, located in Val d'Or, Quebec, Canada.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
LaFleur Minerals Inc.    Capitalizing on Trend, Accelerating Transition

LaFleur Minerals Inc. Capitalizing on Trend, Accelerating Transition

Via InvestorWire — LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) today announces its placement in an editorial published by NetworkNewsWire ("NNW"), one of 70+ brands within the Dynamic Brand Portfolio @ IBN ( InvestorBrandNetwork ) a specialized communications platform with a focus on financial news and content distribution for private and public companies and the investment community.

To view the full publication, "Surging Gold Prices Fuel Junior Miner's Push to Production," please visit: https://ibn.fm/PxDwC .

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Element79 Gold Corp. Announces Changes to Board of Directors with Eye to Drive Corporate Growth

Element79 Gold Corp. Announces Changes to Board of Directors with Eye to Drive Corporate Growth

(TheNewswire)

Vancouver, British Columbia TheNewswire - September 15, 2025 - Element79 Gold Corp. (CSE: ELEM,OTC:ELMGF) (FSE: 7YS0) (OTC: ELMGF) (the "Company" or "Element79") announces that its Board of Directors has accepted the resignation of Ms. Zara Kanji as Director of the Company, effective immediately. The Board and management thank Ms. Kanji for her valuable contributions to the Company and wish her the very best in her current and future endeavors.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Locksley Resources Announces Significant Expansion of its Exploration Program for both Rare Earths and Antimony After Increasing its Landholding to More than 40 Square Kilometers in California's Mojave Region

Locksley Resources Announces Significant Expansion of its Exploration Program for both Rare Earths and Antimony After Increasing its Landholding to More than 40 Square Kilometers in California's Mojave Region

Locksley Resources Ltd. (ASX: LKY,OTC:LKYRF; OTCQB: LKYRF) announced it will significantly expand its exploration program at its significantly increased landholding in the Mojave Desert. Earlier this month the company announced the addition of 249 additional claims at the site, which abuts areas currently controlled by MP Materials, the only Rare Earths producing mine in North America . These new claims bring the company's total landholding to 491 claims encompassing more than 40 sq km of highly prospective critical minerals. Additional details can be found here: https:cdn-api.markitdigital.comapiman-gatewayASXasx-research1.0file2924-02993242-6A1283793&v=c2533a54e2514fb77a8f93f84db686e1125273e9

"The substantial expansion of our landholding within the Mojave Critical Minerals Corner marks a pivotal step in Locksley's growth," said Pat Burke , Chairman of Locksley Resources. He reported that last week brokers and analysts visited the site, affording Locksley an excellent opportunity to highlight both the scale of the tenure, as well as the strategic importance of its position in this area.

News Provided by PR Newswire via QuoteMedia

Keep reading...Show less
Blue Lagoon Announces Commissioning of MBBR Water Treatment System and Start of Underground Operations at Dome Mountain

Blue Lagoon Announces Commissioning of MBBR Water Treatment System and Start of Underground Operations at Dome Mountain

(TheNewswire)

September 15, 2025 TheNewswire - Vancouver, British Columbia Blue Lagoon Resources Inc. ("Blue Lagoon" or the "Company") (CSE: BLLG,OTC:BLAGF; OTCQB: BLAGF; FSE: 7BL) is pleased to announce that the Moving Bed Biofilm Reactor ("MBBR") system at its Dome Mountain Water Treatment Plant is now ready for commissioning.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Sranan Gold Announces Participation in Upcoming Capital Event Muskoka Conference and Munich Mining Conference

Sranan Gold Announces Participation in Upcoming Capital Event Muskoka Conference and Munich Mining Conference

Sranan Gold Corp. (CSE: SRAN) (FSE: P84) (Tradegate: P84) ("Sranan" or the "Company") announces that CEO Oscar Louzada will be participating in the following investor conferences:

Capital Event Muskoka
Date: September 26-28, 2025
Venue: JW Marriott Rosseau Muskoka Resort, Minett, Ontario
Format: One-on-one meetings with investors
Registration: https://cem.ca/conference/muskoka-capital-event-2025/

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Kobo Resources Closes Second and Final Tranche of the Upsized Non-Brokered Private Placement for Gross Proceeds of Over $3.96 Million

Kobo Resources Closes Second and Final Tranche of the Upsized Non-Brokered Private Placement for Gross Proceeds of Over $3.96 Million

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less
LaFleur Minerals

LaFleur Minerals Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×