Lahontan Gold Corp. announced a private placement of up to 5,540,750 units at a price of CAD 0.08 per unit for the gross proceeds of CAD 443,260 on September 1, 2023. Each unit consists of one common share and one common share purchase warrant.

Each whole warrant entitles the holder to purchase one common share at a price of CAD 0.12 for a period of 3 years following the closing date.