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Financings

Lexston Mining Corporation Closed the Private Placement

By The Northwire Desk — AI Analysis Jan 20, 2026 · 09:00 LEXT · 0.105 Lexston Mining Corporation
LEXT · Price

Executive Summary

  • Lexston Mining closed a fully‑subscribed non‑brokered private placement, raising $500,000 in gross proceeds.
  • The offering consisted of 6,250,000 units at $0.08 per unit, each unit containing one common share and one common share purchase warrant (exercise price $0.10, five‑year term).
  • Proceeds will be used for exploration expenditures and general working capital; no finder’s fees were paid.

Key Details

  • Units Issued: 6,250,000
  • Price per Unit: $0.08 (total gross proceeds $500,000)
  • Unit Composition: 1 common share + 1 common share purchase warrant
  • Warrant Terms: Right to purchase one additional common share at $0.10 per share; exercisable for five years from issuance date.
  • Use of Proceeds: Exploration activities on existing projects in British Columbia and Nevada, plus general working capital.
  • Statutory Hold Period: All securities subject to a four‑month hold period expiring May 21, 2026.
  • Finder’s Fees: None paid in connection with the placement.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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