Lexston Mining Corp. announced a non-brokered private placement to issue 6,666,666 units at a price of CAD 0.06 per unit for the gross proceeds of CAD 399,999.96 on April 26, 2024. Each unit will consist of one common share and one common share purchase warrant.

Each common share purchase warrant will entitle the holder to purchase one common share at a price of CAD 0.08 per unit for two years from the date of issuance. Certain directors and officers of the company may participate in the private placement. Finder's fees in cash and/or securities may be paid on gross proceeds of the private placement, as permitted by securities laws.

All securities will be subject to a four-month statutory hold period after closing.