Lexston Mining Corporation Announces Private Placement

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.)