On May 15, 2024, Lexston Mining Corporation closed the transaction. The company issued 6,999,333 units at a price of CAD 0.06 per unit for a gross proceeds CAD 419,959.98. The Private Placement was oversubscribed by CAD 19,960.

The transaction included participation from Company?s directors Jagdip Bal, Clinton Sharples and Jatinder J. Manhas participated in in the Private Placement and purchased a total of 1,973,334 units. The Company paid finder?s fee consisting of 8% cash and 8% broker warrants from raised proceeds and CAD 3,840 cash and 64,000 broker warrants to Haywood Securities Inc., CAD 5,997 cash and 93,280 broker warrants to Raymond James Ltd, and CAD 1,200 cash and 20,000 broker warrants to SCP Resources Finance LP. All securities issued pursuant to the Private Placement are subject to a four-month statutory hold period until September 16, 2024.

Each common share purchase warrant entitles the holder to purchase one common share at a price of CAD 0.08 for two years from the date of issuance and will expire on May 15, 2026.