Vancouver, British Columbia – (Newsfile Corp. – April 1, 2021) – LaSalle Exploration Corp. (TSX Venture Exchange: LSX) is pleased to announce that the flow-through private placement announced on March 24, 2021 has now ended, raising a total of $ 2,018,659.98. 2,787,500 flow-through shares were sold to residents of Quebec (“QFT shares”) at $ 0.20 per QFT share, with the proceeds of $ 557,500 to be used to accelerate the full exploration program, including drilling diamond, on the Radisson property in Eeyou Istchee – James Bay region in Quebec. 10,905,055 flow-through shares were sold at a price of $ 0.18 per share (“FT shares”), with the proceeds of $ 1,461,159.98 being used to continue exploration on the company’s Radisson property and the high-grade Blakelock and Egan gold properties in Ontario.
Eventus Capital Corp. and Haywood Securities Inc. acted as Finders on a portion of the Offer 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 the warrants. compensation which may be exercised for one year from the closing at the same price as the respective FT and QFT Shares placed.
The shares issued, as well as the Intermediary’s indemnification warrants and all shares issued upon exercise of the indemnification warrants are subject to a resale hold period of four months in Canada expiring on July 31, 2021.
About LaSalle Exploration Corp. :
LaSalle Exploration Corp. is an exploration company focused on the less explored districts of Abitibi, recognized for its mining investments based on mining potential, policy and success, and the developing region of Eeyou Itschee-Baie James in Quebec. LaSalle Exploration Corp. is listed on the Toronto Venture Exchange (“TSX-V”) under the symbol “LSX”.
On behalf of the board of directors
CORP. LASALLE EXPLORATION
President and CEO
Telephone: (604) 647-3966
This press release does not constitute an offer to sell or the solicitation of an offer to buy any 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 “US Securities Act”) or any state securities law and may not be offered. or sold in the United States or to US Persons. (as that term is defined in Regulation S under the US 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.
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