Lux Metals Announces $2,500,000 Private Placement, Debt Settlement and Market Maker Agreement

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[{"type":"text","content":"Lux Metals Announces $2,500,000 Private Placement, Debt Settlement and Market Maker AgreementVancouver, British Columbia--(Newsfile Corp. - December 10, 2025) - Lux Metals Corp. (TSXV: LXM) (the \"Company\" or \"Lux\") announces that it proposes to undertake a private placement of 12,500,000 units of the Company (the \"Units\") at a price of $0.20 per Unit for total gross proceeds of $2,500,000 (the \"Placement\"). Each Unit will consist of one common share (a \"Share\") and one transferrable share purchase warrant, each warrant (a \"Warrant\") exercisable into one additional Share for a period of two years from date of issue at a price of $0.40 per share. If after all regulatory holds on the Warrants expire and the Shares trade on the TSX Venture Exchange (\"TSXV\") at a price of $0.60 or more for ten consecutive trading days at any time (the \"Acceleration Event\"), then the Warrants will expire, subject to the Company's discretion, on the earlier of the expiry date and 4:30 p.m. (Vancouver time) on the date which is 30 calendar days after the Company provides notice by way of news release to the holders of the Warrants that the Acceleration Event has occurred.The gross proceeds from the issuance of the Units will be used for exploration costs and general working capital. The Company may pay finders' fees comprised of cash and/or non-transferable warrants in connection with the Placement, pursuant to the policies of the TSXV and applicable securities laws. The Company anticipates closing of the Placement (in one or more tranches) as soon as practicable subject to receipt of all necessary regulatory approvals, including the approval of the TSXV. All securities issued under the Placement will be subject to applicable regulatory holds expiring four months and one day from date of issue.The Company also announces that it has agreed, subject to the acceptance of the TSXV, to settle $107,000 worth of debt to non-arm's length parties by the issuance of 535,000 Shares of the Company at a deemed price of $0.20 per Share. All Shares issued under the debt settlement will be subject to a hold period expiring four months and one day from the date of issue.The Company also advises that, subject to regulatory approval, it has retained Venture Liquidity Providers Inc. (\"VLP\") to initiate its market-making service to provide assistance in ma...

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