Lannister Mining Corp.
Filed Jul 22, 2026.
View on SEC.govAbout this filing
A correction or update to an earlier filing. A foreign company's registration of shares for sale in the US, often for a first offering. It describes the business, its risks and how the company plans to use the money.
period unavailable · Filed Jul 22, 2026
Contents
Capitalization
The following table sets forth our cash and capitalization as of March 31, 2026:
| ● | on an actual basis; and |
| ● | on an as adjusted basis to reflect the sale of 3,000,000 Common Shares by us in this offering at an assumed price to the public of US$5.00 per Unit, which is the midpoint of the estimated offering range set forth on the cover page of this prospectus, resulting in net proceeds to us of $12,900,542 after deducting (i) underwriter commissions of $1,200,000; (ii) non-accountable allowance of $75,000; (iii) out of pocket expenses of $251,950; and (iii) our estimated other offering expenses of $572,508 payable by us and the receipt by us of the proceeds of such sale. The table below assumes no exercise by the underwriters of their option to purchase additional Common Shares and/or Warrants from us and no exercise of the Warrants included in the Units. |
The as adjusted information below is illustrative only and our capitalization following the completion of this offering is subject to adjustment based on the initial public offering price of our Units and other terms of this offering determined at pricing. You should read this table together with our financial statements and the related notes included elsewhere in this prospectus and the information under “Management’s Discussion and Analysis of Financial Condition and Results of Operations.”
| Actual | As Adjusted | |||
|---|---|---|---|---|
| C$ | US$ | C$ | US$ | |
| Cash | 80,644 | 57,797 | 18,080,770 | 12,958,339 |
| Shareholders’ equity: | ||||
| Share capital | 7,332,449 | 5,255,106 | 24,304,622 | 17,418,922 |
| Reserves | - | - | 1,027,953 | 736,725 |
| Deficit | (5,378,444) | (3,854,686) | (5,378,444) | (3,854,686) |
| Total shareholder’s equity | 1,954,005 | 1,400,420 | 19,951,131 | 14,300,961 |
| Total capitalization | 1,954,005 | 1,400,420 | 19,951,131 | 14,300,961 |
The exchange used in the above table is 1.3953 Canadian dollars per US dollar, which was the March 31, 2026 exchange rate per the US Federal Reserve. The as adjusted cash would increase by $18,000,126 (approximately US$12,900,542), the as adjusted share capital would increase by $16,972,173 (approximately US$12,163,817) after adjusting for agent compensation, and the as adjusted reserves would increase by $1,027,953 (approximately US$736,725) after adjusting for agent compensation.
If the underwriters exercise the over-allotment option in full, each of our as adjusted cash, share capital, total shareholders’ equity and total capitalization would be C$20,953,344 (approximately US$15,017,089), C$27,060,605 (approximately US$19,394,112), C$22,826,705 (approximately US$16,359,711), and C$22,826,705 (approximately US$16,359,711), respectively.
Each US$1.00 increase or decrease in the assumed offering price per Unit of US$5.00, assuming no change in the number of Units to be sold, would increase or decrease the net proceeds that we receive in this offering and each of total shareholders’ equity and total capitalization by approximately C$3,830,099 (approximately US$2,745,000) (or C$4,404,613 (approximately US$3,156,750), if the underwriters exercise the over-allotment option in full), after deducting (i) estimated underwriter commissions and (ii) offering expenses, in each case, payable by us.
The table above excludes up to 3,000,000 Common Shares issuable upon exercise of the Warrants contained in the Units to be sold in this offering and up to 150,000 Common Shares issuable upon exercise of the Representative’s Warrants issued in connection with this offering.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.