TORONTO, March 17, 2026 (GLOBE NEWSWIRE) -- Lahontan Gold Corp. (TSXV:LG, OTCQB:LGCXF, FSE:Y2F)) (the "Company" or "Lahontan") is pleased to announce that, further to its press release of March 12, 2026 and due to investor demand, the Company has upsized its non-brokered private placement to up to 33,902,439 units (each, a "Unit") in the capital of the Company at a price of CAD$0.41 per Unit for gross proceeds of up to CAD$13,900,000 (the "Offering").
Each Unit shall be comprised of one common share (each, a "Common Share") in the capital of the Company and one-half of one whole Common Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder thereof to purchase one Common Share at a price of CAD$0.60 per Common Share for a period of two (2) years from the date of issuance, provided, however, that should the closing price at which the Common Shares trade on the TSX Venture Exchange (or any such other stock exchange in Canada as the Common Shares may trade at the applicable time) is equal to or exceeds CAD $1.00 for ten (10) consecutive trading days at any time following the date that is four months and one day after the date of issuance, the Company may accelerate the Warrant Term (the "Reduced Warrant Term") such that the Warrants shall expire on the date which is 30 business days following the date a press release is issued by the Company announcing the Reduced Warrant Term.
Kimberly Ann, Lahontan Gold Executive Chair, CEO, President, and Founder commented: "Lahontan Gold is very pleased with the overwhelming support for this equity financing from existing shareholders, institutional investors, and new individual investors who clearly see and understand our path forward with the Santa Fe Mine and West Santa Fe projects in mining friendly Nevada. We continue to aggressively pursue mine operating permits and new step-out drilling at Santa Fe, while preparing for additional drilling at our exciting West Santa Fe project. 2026 promises to be a transformative year for Lahontan and we look forward to continued success at all our projects."
Gross proceeds raised from the Offering will be used for general working capital purposes and for exploration ...
