Luxxfolio Announces $1 Million Non-Brokered Private Placement

Executive Summary

• Luxxfolio Holdings Inc. announced a non‑brokered private placement of up to 5,882,352 units at $0.17 per unit, targeting gross proceeds of up to $1,000,000.
• Each unit consists of one common share and one share purchase warrant exercisable at $0.35 per share for 24 months after closing.
• Net proceeds are earmarked for general working capital and the development of Luxxfolio’s Litecoin mining initiatives.

Key Details

• Units Offered: Up to 5,882,352 units
• Price per Unit: $0.17
• Gross Proceeds Target: Up to $1,000,000
• Unit Composition:
• 1 common share of Luxxfolio Holdings Inc.
• 1 share purchase warrant (right to buy an additional share at $0.35)
• Warrant Terms: Exercise price $0.35 per share; exercisable for 24 months from the closing date.
• Use of Proceeds: General working capital and development of Litecoin mining initiatives.
• Finder’s Fees: May be paid in accordance with CSE policies and applicable securities laws.
• Closing Conditions: Subject to customary conditions and receipt of all necessary approvals.

Notable Quotes

(No executive quotes were included in the release.)