Lawrence Lepard Announces Filing of Early Warning Report Related to Lahontan Gold Corp.

Lahontan Gold (OTC: LGCXF) disclosed that investor Lawrence Lepard filed an early warning report after disposing of 1,121,500 common shares of Lahontan Gold between August 12 and August 21, 2026, through the TSX Venture Exchange.

Rhea-AI Summary

Lahontan Gold (OTC: LGCXF) disclosed that investor Lawrence Lepard filed an early warning report after disposing of 1,121,500 common shares of Lahontan Gold between August 12 and August 21, 2026, through the TSX Venture Exchange.

According to Lawrence Lepard, his beneficial ownership decreased from 44,264,550 common shares (about 10.23% of outstanding shares, undiluted and partially diluted) to 43,143,050 common shares (about 9.97%). As a result of falling below the 10% threshold, he has ceased to be an insider of Lahontan Gold. Lepard stated he may increase or reduce his holdings in the future depending on market conditions. Further details are available in his early warning report on SEDAR+.

Positive

• Large shareholder still holds 43,143,050 shares, about 9.97% ownership
• Reduction in holdings is relatively modest at 1,121,500 shares versus prior position

Negative

• Significant shareholder reduced stake by 1,121,500 Lahontan Gold shares
• Ownership fell below 10%, and Lawrence Lepard ceased to be an insider

Argus Sep 1 session

-6.51% close to close Open Argus

Details

News Market Reaction – LGCXF

On Sep 1, the first trading day after this news, LGCXF closed 6.51% below the previous close.

Data tracked by StockTitan Argus for the Sep 1 session.

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Toronto, Ontario--(Newsfile Corp. - August 31, 2026) - Lawrence Lepard announces that he has filed an early warning report (the "Report") announcing that between August 12, 2026 and August 21, 2026, Mr. Lepard disposed (the "Disposition") of an aggregate of 1,121,500 common shares (the "Common Shares") in the capital of Lahontan Gold Corp. (the "Company") through the facilities of the TSX Venture Exchange.

Prior to completion of the Disposition, Mr. Lepard beneficially owned and controlled, directly or indirectly, an aggregate of 44,264,550 Common Shares, representing approximately 10.23% of the Company's issued and outstanding Common Shares on an undiluted basis and on a partially diluted basis. Following completion of the Disposition, Mr. Lepard beneficially owns and controls, directly or indirectly, an aggregate of 43,143,050 Common Shares, representing approximately 9.97% of the Company's issued and outstanding Common Shares on an undiluted basis and on a partially diluted basis. As a result, Mr. Lepard has ceased to be an insider of the Company.

Depending on market and other conditions, or as future circumstances may dictate, Mr. Lepard may from time to time increase or decrease its holdings of Common Shares or other securities of the Company.

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: Lawrence Lepard, c/o Venture X, 4850 Tamiami Trail North, Suite 310, Naples, FL 34103-3034, or by email at infor@ema2.com.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/312286

FAQ

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What did Lawrence Lepard report in his early warning filing about Lahontan Gold (LGCXF) on August 31, 2026?

Lawrence Lepard reported that he sold 1,121,500 Lahontan Gold common shares, reducing his stake below 10%. According to Lawrence Lepard, the transactions occurred between August 12 and August 21, 2026, through the TSX Venture Exchange, triggering the early warning disclosure requirement.

How many Lahontan Gold (LGCXF) shares does Lawrence Lepard own after the August 2026 disposition?

After the disposition, Lawrence Lepard beneficially owns and controls 43,143,050 Lahontan Gold common shares. According to Lawrence Lepard, this represents approximately 9.97% of the company’s issued and outstanding common shares on both an undiluted and partially diluted basis as of the transaction date range.

Why did Lawrence Lepard cease to be an insider of Lahontan Gold (LGCXF)?

Lawrence Lepard ceased to be an insider because his ownership fell below the 10% threshold after selling shares. According to Lawrence Lepard, his holdings decreased from about 10.23% to approximately 9.97% of Lahontan Gold’s issued and outstanding common shares following the August 2026 transactions.

By how much did Lawrence Lepard reduce his position in Lahontan Gold (LGCXF) in August 2026?

Lawrence Lepard reduced his position by 1,121,500 common shares of Lahontan Gold in August 2026. According to Lawrence Lepard, his beneficial ownership moved from 44,264,550 shares to 43,143,050 shares through trades executed on the TSX Venture Exchange during August 12–21, 2026.

Can Lawrence Lepard change his Lahontan Gold (LGCXF) holdings again after this early warning report?

Yes, Lawrence Lepard may increase or decrease his Lahontan Gold holdings in the future. According to Lawrence Lepard, any future changes will depend on market conditions and other circumstances, and material changes could require additional regulatory disclosures under applicable early warning rules.

Where can investors find Lawrence Lepard’s early warning report about Lahontan Gold (LGCXF)?

Investors can find the early warning report on SEDAR+ under Lahontan Gold’s issuer profile. According to Lawrence Lepard, a copy may also be requested by mail at his Naples, Florida address or by email using the contact information provided in the announcement.