Lahontan Gold Raises $11.7 Million in Total as it Closes the Second Tranche of a Private Placement-March 2024-www.financetom.com

Lahontan Gold Raises $11.7 Million in Total as it Closes the Second Tranche of a Private Placement

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Lahontan Gold Raises $11.7 Million in Total as it Closes the Second Tranche of a Private Placement

Mar 24, 2026 11:24 AM

01:56 PM EDT, 03/24/2026 (MT Newswires) -- Lahontan Gold ( LGCXF ) on Tuesday said it closed the second tranche of a non-brokered private placement that raised $1.3-million.

The company placed 3.2-million units at $0.41 each and made up of a share and one half of a two-year warrant to buy a share for $0.60.

In total, the company said it issued a total of 28.5-million units for $11.7 million in the financing.

Proceeds will be used for exploration at its Santa Fe Mine and West Santa Fe projects and for general working capital needs.

Shares of the company were last seen up $0.015 to $0.36 on the TSX Venture Exchange.

Price: 0.35, Change: +0.01, Percent Change: +2.94

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