San Lorenzo Closes C$80 Million Financing with Strong Institutional Support

Résumé détaillé

In connection with the Offering, the Company paid aggregate cash commissions and advisory fees of C$4,771,519 (excluding applicable taxes), representing 6.0% of the gross proceeds…

Financing positions San Lorenzo to systematically scale exploration and grow its technical and operational capabilities at its flagship Salvadora Project in Chile

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CALGARY, Alberta, Nov. 10, 2026 (GLOBE NEWSWIRE) -- San Lorenzo Gold Corp. ("San Lorenzo" or the "Company") (TSXV: SLG) is pleased to announce the successful closing of its previously announced upsized private placement (the "Offering") for aggregate gross proceeds of C$80,000,320, with participation from leading global institutional investors specializing in the natural resources sector. The Offering was led by SCP Resource Finance LP and National Bank Financial Inc., as lead agents (the "Lead Agents"), on behalf of a syndicate of agents including BMO Nesbitt Burns Inc. and Haywood Securities Inc. (together with the Lead Agents, the "Agents"), on a "best efforts" agency basis.

Brandon Gaspar, Chief Executive Officer of San Lorenzo, commented: “Raising C$80 million at this stage of our exploration is a significant milestone for San Lorenzo, particularly given the calibre of investors supporting the Company. These are among the world's leading resource investors, with established track records of backing successful gold exploration companies, including several that have ultimately been acquired by major gold producers.

This financing gives us the flexibility to pursue a substantially larger exploration program across Salvadora, following up on results and testing new targets as we continue to expand our technical and operational capabilities. We are grateful for the confidence of both our new and existing shareholders. Our priority is to scale systematically, allocating capital where the geology justifies it, with a clear focus on creating long-term shareholder value.”

Pursuant to the Offering, the Company issued an aggregate of 15,094,400 common shares of the Company (the "Offered Shares") at a price of C$5.30 per…

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