Lexston Mining Corporation Closed the Fully Subscribed Private Placement
Thenewswire·2025-07-21 17:20

Core Viewpoint - Lexston Mining Corporation has successfully closed a non-brokered private placement, raising gross proceeds of $625,235 through the issuance of 7,355,704 common shares at a price of $0.085 per share, with a portion issued as flow-through shares [1][2]. Group 1: Financial Details - The private placement raised a total of $625,235, with 7,355,704 common shares issued at $0.085 each [1]. - Out of the total shares issued, 589,118 were flow-through shares [1]. - No finder's fees were paid in relation to the private placement [2]. Group 2: Use of Proceeds - The proceeds from the private placement will be allocated for exploration expenditures and general working capital [2]. Group 3: Regulatory Information - All securities issued in the private placement are subject to a four-month statutory hold period, expiring on November 22, 2025 [3]. Group 4: Company Overview - Lexston Mining Corporation is a Canadian mineral exploration company focused on acquiring and developing mineral projects to enhance stakeholder value [4]. - The company has a mineral exploration project located in British Columbia, Canada [4]. Group 5: Market Information - Lexston Mining Corporation trades on the OTCQB Venture Market, which is designed for early-stage and developing companies [5].