Lavras Gold Corp. announced a private placement of 8,000,000 common shares at a price of CAD 1.35 per share for the gross proceeds of CAD 10,800,000 on September 11, 2023. The completion of the Offering is subject to the receipt of all regulatory and other approvals, including the approval of the TSX Venture Exchange.

All securities issued in connection with the offering will be subject to a hold period of four months plus a day from the date of issuance.