Business · Companies · 5 hrs ago
San Lorenzo Gold Raises Private Placement Target to Up to $80 Million
San Lorenzo Gold increased the size of a planned private share sale announced earlier.
The company is based in Calgary, Alberta, and its shares trade on the TSX Venture Exchange and over the counter.
It may issue up to 15,094,400 common shares in the offering, up from a previous maximum of 7,547,200.
The shares are priced at $5.30 each, for potential gross proceeds of up to $80,000,320.
The sale is being conducted on a best-efforts basis, with SCP Resource Finance and National Bank Financial leading a group of agents.
The larger offering could provide the company with more capital, but the announcement does not state how it plans to use the money or what happens next.
San Lorenzo Gold Corp. increased the maximum size of its previously announced private placement to up to $80,000,320.
The offering now covers up to 15,094,400 common shares, priced at $5.30 each.
SCP Resource Finance LP and National Bank Financial Inc. are leading the offering as lead agents.
The announcement was issued in Calgary on October 16, 2026.
- Who
- San Lorenzo Gold Corp. announced the increase. SCP Resource Finance LP and National Bank Financial Inc. are the lead agents.
- What
- The company increased the maximum size of its best-efforts private placement to up to $80,000,320.
- When
- October 16, 2026.
- Where
- Calgary, Alberta.
- Why
- Not stated.
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- Maximum gross proceeds
- Up to $80,000,320
- Offered shares
- Up to 15,094,400 common shares
- Issue price
- $5.30 per share
- Lead agents
- SCP Resource Finance LP and National Bank Financial Inc.