Luxxfolio Announces Closing of First Tranche of Private Placement

Executive Summary

• Luxxfolio closed the first tranche of its non‑brokered private placement, issuing 4,624,000 units for gross proceeds of $786,080 at $0.17 per unit.
• Each unit includes one common share and one warrant to purchase an additional share at $0.35; finder’s fees of $53,345 were paid and 313,796 finder’s warrants issued.
• The company changed its auditor from KMSS LLP to CAN PARTNERS LLP effective November 4 2025.

Key Details

• Financing amount: Gross proceeds of $786,080.
• Units sold: 4,624,000 units at $0.17 per unit.
• Unit composition: 1 common share + 1 share purchase warrant (exercise price $0.35, exercisable for 24 months).
• Finder’s fees: $53,345 paid in cash.
• Finder’s warrants: 313,796 warrants issued (exercise price $0.35, 24‑month term).
• Use of proceeds: General working capital and development of Litecoin and stablecoin projects.
• Auditor change: From Kenway, Mack, Slusarchuk, Stewart LLP (“KMSS”) to CAN PARTNERS LLP (“CAN PARTNERS”), effective 2025‑11‑04.
• Regulatory filings: Notice of Change of Auditor filed on SEDAR+ per NI 51‑102; no modified audit opinions or reportable events disclosed.

Notable Quotes

(No direct quotes were provided in the release.)