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Financings

Lexston Mining Corporation Announces Private Placement

By The Northwire Desk — AI Analysis Dec 24, 2025 · 12:16 LEXT · 0.1 Lexston Mining Corporation
LEXT · Price

Executive Summary

  • Lexston Mining Corporation announced a non‑brokered private placement to raise up to $500,000 by issuing up to 6,250,000 units at $0.08 per unit.
  • Each unit consists of one common share and one common share purchase warrant (exercise price $0.10, five‑year term).
  • Proceeds will be used for general working capital and exploration expenditures on the Company’s projects in British Columbia and Nevada.

Key Details

  • Units Offered: Up to 6,250,000 units at $0.08 per unit (gross proceeds up to $500,000).
  • Unit Composition: 1 common share + 1 common share purchase warrant per unit.
  • Warrant Terms: Right to purchase one additional common share at $0.10 per share; exercisable for five years from issuance.
  • Use of Proceeds: General working capital and exploration activities on existing projects.
  • Participation: Certain directors and officers may participate in the placement.
  • Regulatory Conditions: Subject to filing and acceptance by the Canadian Securities Exchange; securities will be subject to a four‑month statutory hold period after closing.

Notable Quotes

(No executive quotes were included in the release.)

Read the original news release →

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