Lahontan Gold Corp. (TSX.V: LG) (OTCQB: LGCXF) has announced the acceleration of the expiry date for outstanding warrants originally issued on September 1, 2023. The decision follows the company's common shares trading at or above the required price threshold for 20 consecutive trading days, ending April 27, 2026. As a result, the warrants will now expire on May 18, 2026, at 5:00 p.m. Toronto time. Holders must submit exercise documentation and payment before the deadline, after which unexercised warrants will become void.
This move is significant as it provides a clear timeline for warrant holders and reflects the company's recent stock performance. The acceleration clause is a common mechanism to encourage early exercise and potentially raise capital for the company. For full details, the press release is available at https://ibn.fm/KjK3I.
Lahontan Gold Corp. is a Canadian mine development and mineral exploration company focused on gold and silver properties in the Walker Lane region of Nevada. Its flagship asset, the Santa Fe Mine project, spans 26.4 km² and historically produced 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995 via open-pit mining and heap-leach processing. The project hosts a Canadian National Instrument 43-101 compliant Indicated Mineral Resource of 1,539,000 oz Au Eq (48,393,000 tonnes grading 0.92 g/t Au and 7.18 g/t Ag) and an Inferred Mineral Resource of 411,000 oz Au Eq (16,760,000 tonnes grading 0.74 g/t Au and 3.25 g/t Ag), as detailed in the Technical Report available on the company's website and SEDAR+.
The company plans to advance the Santa Fe Mine toward production, update its Preliminary Economic Assessment, and drill test the satellite West Santa Fe project in 2025. The technical content has been reviewed by Michael Lindholm, CPG, a Qualified Person under NI 43-101. For more information, visit www.lahontangoldcorp.com.
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