LaSalle Closes $2,000,000 Flow-Through Private Placement Financing
- Written by Newsfile
Vancouver, British Columbia--(Newsfile Corp. - April 1, 2021) - LaSalle Exploration Corp. (TSXV: LSX) is pleased to advise the flow-through private placement announced March 24, 2021 has now closed, raising a total of $2,018,659.98. 2,787,5000 Flow Through Shares were sold to Quebec residents ("QFT Shares") at $0.20 per QFT share, with the $557,500 proceeds to be used to accelerate the comprehensive exploration program, including diamond drilling, on the Radisson Property in the Eeyou Istchee - James Bay region of Quebec. 10,905,055 Flow-Through Shares were sold at $0.18 per share ("FT Shares") with the $1,461,159.98 proceeds going to further exploration on the Company's Radisson property and the high-grade gold Blakelock and Egan properties in Ontario.
Eventus Capital Corp. and Haywood Securities Inc. acted as Finders on a portion of the Offering for which they will receive commissions of 6% in cash on the proceeds of the shares placed and 6% of the number of shares placed in compensation warrants exercisable for one year from closing at the same price as the respective FT and QFT Shares placed.
The shares issued, along with the Finder's compensation warrants and any shares issued on exercise of the compensation warrants are subject to a four-month resale hold period in Canada expiring July 31, 2021.
About LaSalle Exploration Corp.: LaSalle Exploration Corp.is an exploration company focused on less explored districts of the Abitibi, recognized for mining investment based on mineral potential, policy and success, and the developing Eeyou Itschee-James Bay region in Québec. LaSalle Exploration Corp. is listed on the Toronto Venture Exchange ("TSX-V") under the symbol "LSX".
Additional information about LaSalle can be found on SEDAR at www.sedar.com[1] and on the Company's website at www.lasallecorp.com[2].
On behalf of the Board of Directors
LASALLE EXPLORATION CORP.
"Ian Campbell"President and Chief Executive OfficerTelephone: (604) 647-3966
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been, and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as such term is defined in Regulation S under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available).
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/79252[3]
References
- ^ www.sedar.com (www.newsfilecorp.com)
- ^ www.lasallecorp.com (www.newsfilecorp.com)
- ^ https://www.newsfilecorp.com/release/79252 (www.newsfilecorp.com)