TSX.V LG, OTCQB LGCXF
/NOT FOR DISTRIBUTION TO
Each Unit shall consist of one common share of the Company (each, a "Unit Share") and one transferable common share purchase warrant (each, a "Warrant"). Each Warrant shall be exercisable to acquire one common share of the Company (each, "Warrant Share") at an exercise price of
The net proceeds of the Offering are expected to be used for exploration and development of the
There is an offering document related to the Offering that can be accessed under the Company's profile at www.sedarplus.ca and at www.lahontangoldcorp.com. Prospective investors of Units should read this offering document before making an investment decision.
The closing of the Offering is anticipated to occur on or around
As consideration for their services, the Agents will receive a cash commission equal to 7.0% of the gross proceeds of the Offering (reduced to 3.5% or 0% in connection with certain orders) and compensation options (the "Compensation Options") in an amount equal to 7.0% of the number of Units sold pursuant to the Offering (reduced to 3.5% or 0% in connection with certain orders). Each Compensation Option will be exercisable to purchase one Common Share at the Issue Price for a period of 36 months following the Closing Date.
This press 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 any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities offered have not been registered under the
About
* Please see the Santa Fe Project Technical Report, Authors: |
On behalf of the Board of Directors
Founder, CEO, President, and Director
Cautionary Note Regarding Forward-Looking Statements:
Neither
This news release includes certain "forward looking statements". Forward-looking statements consist of statements that are not purely historical, including statements regarding beliefs, plans, expectations or intensions for the future, and include, but not limited to, statements with respect to: the terms of the Offering, the anticipated use of proceed from the Offerings, the completion of the Offering and the anticipated Closing Date, the approval of the TSXV; the completion of future exploration work and the potential metallurgical recoveries and results of such test work; the future direction of the Company's strategy; and other activities, events or developments that are expected, anticipated or may occur in the future. These statements are based on assumptions, including: (i) completion of the Offering, including TSXV approval; (ii) the ability to achieve positive outcomes from test work; (iii) actual results of our exploration, resource goals, metallurgical testing, economic studies and development activities will continue to be positive and proceed as planned, (iv) requisite regulatory and governmental approvals will be received on a timely basis on terms acceptable to the Company (i) economic, political and industry market conditions will be favourable, and (vi) financial markets and the market for precious metals will continue to strengthen. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in such statements, including, but not limited to: (1) failure to complete the Offering, (2) changes in general economic and financial market conditions, (3) changes in demand and prices for minerals, (4) litigation, regulatory, and legislative developments, dependence on regulatory approvals, and changes in environmental compliance requirements, and the political and economic climate, (5) the inherent uncertainties and speculative nature associated with exploration results, resource estimates, potential resource growth, future metallurgical test results, changes in project parameters as plans evolve, (6) competitive developments, (7) availability of future financing, (9) the effects of COVID-19 on the business of the Company, including, without limitation, effects of COVID-19 on capital markets, commodity prices, labour regulations, supply chain disruptions and domestic and international travel restrictions, (9) exploration risks, and other factors beyond the control of the Company including those factors set out in the "Risk Factors" in our Management Discussion and Analysis dated
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