Leviathan Gold's Exciting Private Placement for Growth Initiatives

Author: Evelyn Baker Updated: 03-10-2025 10:30 AM

Leviathan Gold Announces Strategic Private Placement

Leviathan Gold Ltd. is making waves in the investment community with its recent announcement regarding a non-brokered private placement. This initiative is poised to raise up to $3,500,000 through the issuance of 35,000,000 units, priced at $0.10 each. This funding is crucial for the company as it seeks to bolster its exploration efforts and overall operational funds.

Understanding the Offering Structure

Each unit in this offering will consist of one common share and half a share purchase warrant. Notably, each full warrant gives investors the right to purchase an additional common share at $0.15 for a period of 24 months following its issuance. This structure not only attracts potential investors but also incentivizes them with favorable conditions for future equity participation.

Strategic Use of Proceeds

The funds generated from this offering are earmarked primarily for exploration initiatives located in Australia. These initiatives are critical as they aim to discover and develop mineral resources, contributing to the company's growth and strength in the mining sector. Additionally, some of the funds will be allocated toward general working capital to ensure the company can operate smoothly.

Importance of Regulatory Compliance

To proceed with this offering, Leviathan Gold must meet various regulatory approvals, including those mandated by the TSX Venture Exchange. This requirement underlines the importance of compliance in the financial markets, ensuring transparency and accountability in all transactions.

Joseph Norman's Leadership

Luke Norman, the Chief Executive Officer and Director, emphasized the company’s commitment to responsible exploration and sustainable practices. Under Norman's leadership, Leviathan is focused on maximizing shareholder value through strategic initiatives such as this private placement.

About Leviathan Gold Ltd.

Leviathan Gold Ltd. stands as a testament to the robust mining sector in Canada, specifically listed on the TSX Venture Exchange (ticker: LVX). Its commitment to responsible mineral exploration and development positions it favorably within the industry.

Contact Information

For additional details or inquiries about the company, interested parties can reach out to Adam Ross, Investor Relations, at (604) 229-9445 or toll-free at 1(833) 923-3334. For online assistance, the company’s official webpage provides further insights into its operations and investment opportunities.

Frequently Asked Questions

What is the purpose of the private placement announced by Leviathan Gold?

The private placement aims to raise funds primarily for exploration in Australia and for general working capital purposes.

How many units will be offered in the placement?

A total of 35,000,000 units will be offered at a price of $0.10 each.

What does each unit consist of?

Each unit consists of one common share and half a common share purchase warrant.

What will the proceeds from this offering be primarily used for?

Proceeds will primarily fund exploration initiatives and general working capital requirements.

Who is leading Leviathan Gold Ltd.?

Luke Norman serves as the Chief Executive Officer and Director of Leviathan Gold Ltd.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

My goal with writing is to simplify difficult financial ideas into understandable, doable guidance. My goal in writing many books and articles is to make personal finance understandable to everyone, irrespective of their experience or background. I want to give readers the information they need to take charge of their financial futures, from investing and retirement planning to budgeting and saving.

Along with my writing, I lead webinars and workshops where I provide doable advice and methods for achieving financial success. To reach a larger audience, I also frequently contribute to financial blogs and publications. My method is always to offer doable, real-world guidance that can actually improve people's lives.

Aside from my job, I like to cook, travel, and experience other cultures. I work hard to apply my belief in the value of a balanced life to my financial counsel. My goal in working is to encourage and enable people to succeed financially so they may lead the best lives possible.

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