San Lorenzo Gold Corp., a Canadian mining company listed on the TSX Venture Exchange and the OTC, has revised its previously announced private placement, increasing the potential fundraising amount from $40 million to $80 million. The company will issue up to 7,547,200 common shares under this best-efforts offering. This move is part of San Lorenzo's strategy to secure funds to support its ongoing operations and development projects. The announcement was made on October 16, 2026, from Calgary, Alberta, and reflects the company's intent to enhance its financial position in the strategic gold mining sector. The shares will not be available for distribution to U.S. newswire services or for general dissemination within the United States, following regulatory guidelines.
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