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LaSalle Arranges $2M Flow-through Private Placement Financing

Mar 25, 2021

LaSalle Exploration Corp. has arranged a private placement of flow-through shares to raise a total of up to $2,000,000. Flow Through Shares sold to Quebec residents are priced at $0.20 per share, with the proceeds from their sale used to advance the proposed drill program on the Radisson Property in Quebec. Flow-Through Shares are priced at $0.18 per share with the proceeds going to further exploration on the Company's Egan and Blakelock gold properties in Ontario.

Ian Campbell, President and CEO commented: "This financing allows us to lock in this season's exploration plans for the Radisson property - in particular our first diamond drill program, designed to test several high priority gold and gold-copper targets developed to date. Furthermore, an extensive summer field program will be finalized to develop additional drill targets and initiate exploration on additional high potential under-explored areas of this large property. Proceeds will also be expended on our high-grade gold Egan and Blakelock properties to advance them to the drilling stage."

The gross proceeds from sale of the FT Shares and QFT Shares will be used for exploration expenditures that will qualify as "Canadian exploration expenditures" and "flow-through mining expenditures" within the meaning of the Income Tax Act (Canada), with the proceeds from the QFT Shares expended exclusively on the Company's Radisson Property in Quebec and thereby qualifying for additional deductions under the Taxation Act (Quebec).


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