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LaFleur Minerals' Gold Production and Recent Financing FAQ
LaFleur Minerals Inc. raised over C$11 million through public and private offerings to restart gold production at its Beacon Gold Mill and fund drilling programs. The funds will source mineralized material from the Swanson Gold Deposit in Quebec's Abitibi Gold Belt, positioning the company for profitability amid rising gold prices.
The proceeds will be used to restart gold production at the Beacon Gold Mill, sourcing material from the Swanson Gold Deposit, and to continue aggressive drilling programs at the Swanson and newly acquired McKenzie East Gold Projects.
The Swanson Gold Deposit and the newly acquired McKenzie East Gold Project are located in Quebec's Abitibi Gold Belt, Canada's largest gold-producing region.
LaFleur announced aggregate gross proceeds of C$11,015,760 from the public and private offerings on June 9.
The meteoric rise in gold's market value over the past year and a half, combined with the company's strategically low base case planning, supports expectations of strong profitability.
The information was reviewed and approved by Louis Martin, P.Geo. (OGQ), Exploration Manager and Technical Advisor, who is considered a Qualified Person under NI 43-101.