Lahontan Gold Corp. announced that it has entered into a securities purchase agreement to issue 25,000,000 units at a price of CAD 0.08 per unit for the gross proceeds of CAD 2,000,000 on August 2, 2023. Each unit shall consist of one common share of the company and one transferable common share purchase warrant.

Each Warrant shall be exercisable to acquire one common share of the company at an exercise price of CAD 0.12 at any time on or before the date which is 36 months after the closing date of the private placement.