Lux Metals Closes $3,750,000 First Tranche Private Placement

Core Viewpoint - Lux Metals Corp. has successfully closed the first tranche of its non-brokered private placement, raising a total of $3,750,000 through the issuance of 18,750,000 units at a price of $0.20 per unit [1]. Group 1: Financial Details - The private placement consists of units, each comprising one common share and one transferable share purchase warrant, with each warrant exercisable into one additional common share at a price of $0.40 per share until January 26, 2028 [1]. - The gross proceeds from the issuance of the units are intended for exploration costs and general working capital [2]. - The company paid finder's fees of $119,840 and issued 599,200 common share purchase warrants to finders, with the same exercise price and expiration date as the other warrants [3]. Group 2: Regulatory Information - All securities issued under the placement are subject to regulatory holds expiring on May 27, 2026 [3]. - The news release clarifies that it does not constitute an offer to sell or solicitation of an offer to sell any securities in the United States, as the securities have not been registered under the U.S. Securities Act [4].