Lux Metals Upsizes Private Placement to $3,500,000

Core Viewpoint - Lux Metals Corp. has increased its private placement from 12,500,000 units to 17,500,000 units due to strong investor demand, aiming for total gross proceeds of up to $3,500,000 at a price of $0.20 per unit [1] Group 1: Private Placement Details - Each unit will consist of one common share and one transferable share purchase warrant, with the warrant exercisable into one additional share for two years at a price of $0.40 per share [2] - The gross proceeds from the issuance of the units will be allocated for exploration costs and general working capital [3] - The company may pay finders' fees in cash and/or non-transferable warrants in connection with the placement, subject to TSXV policies and applicable securities laws [4] Group 2: Regulatory and Compliance Information - The company anticipates closing the placement as soon as practicable, pending necessary regulatory approvals, including TSXV approval [4] - All securities issued under the placement will be subject to regulatory holds expiring four months and one day from the date of issue [4]