Rostislav Raykov Announces Filing of Early Warning Report Related to Lavras Gold Corp.

Rhea-AI Summary

Rostislav Raykov, a director of Lavras Gold Corp. (LGCFF), has filed an early warning report regarding the acquisition of 245,600 common shares in the company. The transaction took place on October 16, 2024 through the TSX Venture Exchange. Prior to this acquisition, Raykov held 5,105,430 common shares and options to purchase 270,000 more, representing about 9.94% of outstanding shares (10.42% on a partially diluted basis). After the acquisition, Raykov's holdings increased to 5,351,030 common shares plus the same options, now representing approximately 10.42% of outstanding shares (10.89% on a partially diluted basis).

The acquisition was made for investment purposes, and Raykov may adjust his holdings in the future based on market conditions and other factors. The full report is available on SEDAR+ or by request from Raykov directly.

Positive

• Director increases stake in the company, potentially signaling confidence
• Insider ownership increases to over 10% of outstanding shares

Negative

• None.

News Market Reaction

-3.53%

1 alert

-3.53% News Effect

On the day this news was published, LGCFF declined 3.53%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Toronto, Ontario--(Newsfile Corp. - October 17, 2024) - Rostislav Raykov, a director of Lavras Gold Corp. (the "Company"), announces that he has filed an early warning report (the "Report") regarding the acquisition ("Acquisition") of 245,600 common shares (the "Common Shares") in the capital of the Company through a transaction on October 16, 2024 through the facilities of the TSX Venture Exchange (the "TSXV").

Prior to the completion of the Acquisition, Mr. Raykov held an aggregate of 5,105,430 Common Shares and stock options entitling him to purchase up to 270,000 Common Shares, representing approximately 9.94% of the issued and outstanding Common Shares on an undiluted basis and 10.42% of the issued and outstanding Common Shares on a partially diluted basis. Upon completion of the Acquisition, Mr. Raykov held an aggregate of 5,351,030 Common Shares and stock options entitling him to purchase up to 270,000 Common Shares, representing approximately 10.42% of the then issued and outstanding Common Shares on an undiluted basis and 10.89% of the then issued and outstanding Common Shares on a partially diluted basis.

The Acquisition was completed for investment purposes. Mr. Raykov may, depending on market and other conditions, or as future circumstances may dictate, from time to time, on an individual or joint basis, increase or dispose of some or all of the existing or additional securities he holds or will hold, or may continue to hold. In the future, Mr. Raykov, will evaluate his investment in the Company from time to time and may, based on such evaluation and the market conditions and other circumstances, increase or decrease his security holdings through market transactions, private agreements, or otherwise.

For further details relating to the acquisition, please see the Report, a copy of which is available under the Company's profile on SEDAR+ at www.sedarplus.ca, or may be requested by mail at: Rostislav Raykov c/o Lavras Gold Corp., 82 Richmond Street East, Suite 201, Toronto, ON M5C 1P1, or by email at rraykov@gmail.com.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/227016

FAQ

How many shares of Lavras Gold Corp (LGCFF) did Rostislav Raykov acquire on October 16, 2024?

Rostislav Raykov acquired 245,600 common shares of Lavras Gold Corp (LGCFF) on October 16, 2024.

What percentage of Lavras Gold Corp (LGCFF) does Rostislav Raykov own after the acquisition?

After the acquisition, Rostislav Raykov owns approximately 10.42% of Lavras Gold Corp (LGCFF) on an undiluted basis and 10.89% on a partially diluted basis.

Why did Rostislav Raykov acquire additional shares of Lavras Gold Corp (LGCFF)?

The press release states that the acquisition was completed for investment purposes.

Where can investors find more information about Rostislav Raykov's acquisition of Lavras Gold Corp (LGCFF) shares?

Investors can find more information in the early warning report filed on SEDAR+ or by requesting it directly from Rostislav Raykov.