Lavras Gold Corp (LGCFF)
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Lavras Gold Corp. Issues Stock Options and Deferred Share Units
Toronto, Ontario--(Newsfile Corp. - May 17, 2025) - Lavras Gold Corp. (TSXV: LGC) (OTCQX: LGCFF) ("Lavras" or the "Company") has issued incentive stock options to purchase an aggregate of 714,000 common shares (the "Common Shares") of the Company at a price of $2.35 per Common Share to certain officers, directors, consultants and employees of the Company. The stock options vest over three years from the date of issue and expire on May 15, 2030.
Lavras Gold Ranked in the Top 10 of the "Venture Exchange 50" Mining Companies for the Second Year in a Row
Toronto, Ontario--(Newsfile Corp. - February 19, 2025) - Lavras Gold Corp. (TSXV: LGC) (OTCQX: LGCFF) ("Lavras" or the "Company") is pleased to announce that it has been named as one of the top 50 performers on the TSX Venture Exchange in 2025 - of the 1,700 companies listed on the TSX Venture Exchange. Lavras has earned this ranking for the second year in a row.
Lavras Announces Closing of C$15 Million Public Offering
Toronto, Ontario--(Newsfile Corp. - February 6, 2025) - Lavras Gold Corp. (TSXV: LGC) (OTCQX: LGCFF) ("Lavras" or the "Company") is pleased to announce that, further to its press releases of January 30, 2025 and January 31, 2025, it has completed the previously announced "best efforts" public offering, pursuant to which the Company issued an aggregate of 6,819,500 common shares of the Company (each, a "Share") at a price of C$2.20 (the "Offering Price") per Share for gross proceeds of C$15,002,900 to the Company, which included the full exercise of the over-allotment option granted in connection therewith (the "Offering"). The Shares were issued and sold pursuant to the terms of an agency agreement dated February 3, 2025 among the Company, Paradigm Capital Inc. and Canaccord Genuity, as co-lead agents, and Raymond James Ltd.
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Lavras Gold Corp Profile
| Gold Industry | Basic Materials Sector | Mr. Michael Christopher Durose M.Sc., P.Geo. CEO | OTC PINK Exchange | CA51949L2093 ISIN |
| CA Country | 8 Employees | - Last Dividend | 9 Jun 2022 Last Split | - IPO Date |
Overview
Lavras Gold Corp. is a company focused on the exploration and development of mineral resource properties, with a primary focus on gold in Brazil. Incorporated in 2021 and with its headquarters in Toronto, Canada, the company stands as a young entity in the mining industry. It has centered its exploration activities in Lavras do Sul, an area that holds significant potential for gold mining. Lavras do Sul is an advanced exploration project, featuring 29 mineral rights that span approximately 22,000 hectares. This extensive coverage area in Rio Grande do Sul, Brazil, positions Lavras Gold Corp. as a promising player in the exploration and potential mining of gold resources in the region.
Products and Services
- Gold Exploration
Lavras Gold Corp specializes in the exploration of gold, a process that involves the search for mineral deposits of gold and the assessment of the potential of those deposits. The company’s primary focus is the Lavras do Sul project, where it oversees the exploration activities across an expansive area. This includes geological surveying, sampling, and drilling to evaluate the size and quality of the gold deposits. By concentrating on the exploration in Lavras do Sul, the company aims to establish a strong foundation for the future development and potential extraction of gold.
- Mineral Resource Development
Alongside its exploration endeavors, Lavras Gold Corp is engaged in the broader spectrum of mineral resource development. This includes not only the initial discovery and evaluation of gold deposits but also planning and carrying out activities that aim to bring these deposits to a point where mining can be economically viable. Development activities may cover feasibility studies, environmental assessments, and obtaining necessary permits and licenses. While the company is primarily focused on its gold projects, its expertise and activities in mineral resource development are poised to create value and opportunities within the mineral resource sector in Brazil.
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