CALGARY — February 23, 2026 — Leads & Copy — San Lorenzo Gold Corp. (TSXV: SLG) announced an additional private placement for gross proceeds of up to $5,000,000, building on its previously announced non-brokered private placement of units for up to $15,000,000.
The initial offering was priced at $2.51 per unit. Due to strong investor demand, the corporation has decided to expand the offering.
The offerings are fully subscribed.
The additional offering will be completed on a best-efforts basis and will involve the issuance of units priced at $2.64 each. Each unit will consist of one common share of the corporation and one-half of a common share purchase warrant.
Each full warrant will entitle the holder to acquire an additional common share at a price of $3.50 for one year from the closing date.
San Lorenzo may pay a cash commission or finder’s fee to qualified non-related parties of up to 6% of the gross proceeds of the additional offering, along with broker warrants representing 6% of the common shares issued in connection with the additional offering.
Each broker warrant will entitle the holder to purchase one additional common share of the company at a price of $2.64 for 12 months following the closing of the offerings.
The proceeds from the offerings will fund continued exploration of San Lorenzo’s Salvadora property and for general working capital purposes, including the expenses of the offerings.
The common shares, warrants, and broker warrants issued will be subject to a four-month and one-day hold period. The offerings are subject to the approval of the TSX Venture Exchange.
San Lorenzo is focused on advancing its Salvadora property in Chile’s mega-porphyry belt. Prior drilling programs on four targets have indicated significant gold and copper enriched epithermal and porphyry style systems within the property.
Source: San Lorenzo Gold Corp.
