Leviathan Metals Announces Closing of $10 Million LIFE Offering

About this update from Leviathan Metals Corp.

[{"type":"text","content":"NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES","length":98,"tagName":"p"},{"type":"text","content":"VANCOUVER, British Columbia, May 20, 2026 (GLOBE NEWSWIRE) -- Leviathan Metals Corp. (TSXV: LVX) (OTCQB: LVXFF) (FSE: 0GP) (“Leviathan” or the “Company”) is pleased to announce that it has closed its previously announced “best efforts” private placement offering (the “Offering”) of common shares of the Company (the “Common Shares”) with Beacon Securities Limited. An aggregate of 15,625,000 Common Shares were issued at a price of $0.64 per Common Share for gross proceeds of $10,000,000. The Common Shares were issued pursuant to the Listed Issuer Financing Exemption (as defined below).","length":590,"tagName":"p"},{"type":"text","content":"The Company intends to use the net proceeds from the Offering for drilling and other exploration activities at its projects in Botswana, Bosnia and Herzegovina, and Australia, and for working capital and general corporate purposes, as described in the Offering Document (as defined below).","length":289,"tagName":"p"},{"type":"text","content":"The Common Shares issued pursuant to the Offering were issued (a) in respect of the Common Shares issued to purchasers resident in Canada pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 – Prospectus Exemptions (“NI 45-106”), as amended and supplemented by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (collectively, the “Listed Issuer Financing Exemption”) or, only as it relates to employees, executive officers, directors or consultants of the Company, pursuant to Section 2.24 of NI 45-106, and (b) in respect of the Common Shares issued to purchasers in certain other jurisdictions outside of Canada, pursuant to applicable regulatory requirements and in accordance with OSC Rule 72-503 – Distributions Outside Canada. The Common Shares issued pursuant to the Listed Issuer Financing Exemption to investors resident in Canada or to investors outside of Canada pursuant to OSC Rule 72-503 will not be subject to a hold period in Canada. The Common Shares sold to executive officers and directors of the Company pursuant to Section 2.24 of NI 45-106 are subject to an Exchange Hold Period expiring September 21, 2026.","length":12...

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