Luxxfolio Holdings arranges $1-million financing

Executive Summary

• Luxxfolio Holdings Inc. has arranged a non-brokered private placement of up to 5,882,352 units for gross proceeds of up to $1 million.
• Each unit consists of one common share and one share purchase warrant, with the warrants exercisable at 35 cents per share for a period of 24 months.
• Net proceeds will be used for general working capital and the development of Litecoin mining initiatives.

Key Details

• Transaction Structure: Non-brokered private placement.
• Units Offered: Up to 5,882,352 units.
• Price Per Unit: 17 cents.
• Gross Proceeds: Up to $1,000,000.
• Warrant Terms: Each unit includes one share purchase warrant.
• Exercise Price: 35 cents per warrant share.
• Warrant Expiration: 24 months from the closing of the offering.
• Use of Proceeds: General working capital and development of Litecoin mining initiatives.
• Conditions: Completion is subject to customary conditions and receipt of all necessary approvals.
• Finder's Fees: The company may pay finders' fees in accordance with applicable securities laws and Canadian Securities Exchange policies.