Lexston Mining Corporation Closed the Private Placement

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.)