San Lorenzo expands private placement to $80 million
San Lorenzo Gold Corp. disclosed that it is expanding its earlier best-efforts private placement, raising the cap from a maximum of 7,547,200 shares to as many as 15,094,400 common shares, each priced at $5.30, which could generate gross proceeds of up to $80,000,320. SCP Resource Finance LP and National Bank Financial Inc. are acting as the lead agents for the current offering.
The offering will consist of two parts: the LIFE Offering, which will consist of up to 9,433,900 shares for aggregate gross proceeds of up to $49,999,670, and the Non-LIFE Offering, which will consist of up to 5,660,500 shares for aggregate gross proceeds of up to $30,000,650.
Offering Details
The LIFE Shares sold pursuant to the LIFE Offering will be offered in all provinces of Canada except Québec and will be immediately freely tradeable. The Non-LIFE Shares may be subject to a hold period of four months and one day from the closing date.
The company intends to use the net proceeds from the offering for exploration at the Salvadora Project and for general corporate and working capital purposes. The closing of the offering is expected to take place on or about November 10, 2026, and is subject to certain conditions, including receipt of all necessary approvals.
As consideration for their services, the agents will receive an aggregate cash fee equal to 6.0% of the gross proceeds of the offering, reduced to 3.0% in respect of the first $5,000,000 of gross proceeds received from purchasers on a “president’s list” provided by the company.
Company Background
San Lorenzo Gold Corp. is a Canadian mineral exploration company advancing its 100%-owned Salvadora Project in Chile’s Atacama Region. The Salvadora Project is located approximately 15 kilometres from Codelco’s El Salvador copper-gold mine.
The company is focused on expanding known mineralized systems, testing a growing pipeline of exploration targets, and systematically defining the scale and potential of Salvadora’s broader mineralized systems.
The offering document related to the LIFE Offering can be accessed under the company’s profile at www.sedarplus.ca and on the company website at https://www.sanlorenzogold.ca.
The company’s securities have not been registered under the 1933 Act or any state securities laws.
Closing and Use of Proceeds
San Lorenzo Gold Corp. is listed on the TSX Venture Exchange under the symbol SLG and on the OTC under the symbol SNLGF, with its headquarters in Calgary, Alberta, and the announcement of the private placement was made on October 16, 2026, through GlobeNewswire.
