LaFleur Minerals (CSE:LFLR) is conducting an underwritten public offering and bought deal equity offering to raise C$8 million ($8.08 million) to fund the commissioning and restart of gold production operations at the Beacon Gold Mine.
The company will issue a minimum of 10 million units at C$0.50 each to raise C$5 million, while also issuing flow-through units at C$0.68 each to charitable purchasers in the public offering.
Each unit comprises one share and one share purchase warrant. Charity flow-through units also comprise one share and one share purchase warrant.
Each unit warrant and charity flow-through warrant held will entitle the holder to acquire one share on a non-flow-through basis at a price of C$0.75 for a 36-month period after the closing date.
Red Cloud Securities has been granted an option to purchase additional public offering securities for resale, representing up to 15% of the total number of securities sold under the underwritten public offering. The option is exercisable at any time within 30 days of the closing date.
Concurrent with the underwritten public offering, Red Cloud will act as the sole underwriter and bookrunner for a bought deal private placement.
Under this placement, Red Cloud will purchase resale flow-through units at C$0.57 each.
Both offerings are expected to close on or around 9 June 2026.
Along with the commissioning and restart of gold production operations at the Beacon Gold Mine, funds will be used for exploration programs at the Swanson Gold Project in Québec.
LaFleur Minerals is a mineral developer focused on its portfolio of assets in the Abitibi Gold Belt near Val-d’Or, Québec.
Write to Maddison Elliott at Mining.com.au
Images: LaFleur Minerals
