Business
Lux Metals Closes $3,750,000 First Tranche Private Placement
Vancouver, British Columbia--(Newsfile Corp. - January 27, 2026) - Lux Metals Corp. (TSXV: LXM) ...
About this update from Lux Metals Corp
[{"type":"text","content":"Lux Metals Closes $3,750,000 First Tranche Private PlacementVancouver, British Columbia--(Newsfile Corp. - January 27, 2026) - Lux Metals Corp. (TSXV: LXM) (the \"Company\" or \"Lux\") is pleased to announce that it has closed the first tranche of its previously announced non-brokered private placement of units (each, a \"Unit\"), through the issuance of 18,750,000 Units at a price of $0.20 per Unit, for total gross proceeds of $3,750,000 (the \"Placement\"). Each Unit consists of one (1) common share and one (1) transferrable share purchase warrant, each warrant exercisable into one additional common share at a price of $0.40 per share until January 26, 2028.The gross proceeds from the issuance of the Units are anticipated to be used for exploration costs and general working capital. In connection with the Placement, the Company paid finder's fees of $119,840 and issued a total of 599,200 common share purchase warrants (the \"Finder's Warrants\") to finders. Each Finder's Warrant is exercisable into one (1) common share of the Company at a price of $0.40 per share until January 26, 2028. All securities issued under the Placement are subject to applicable regulatory holds expiring May 27, 2026.This news release does not constitute an offer to sell or solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the \"U.S. Securities Act\") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.On Behalf of the Board of Lux Metals Corp.,Carl GinnPresident and Chief Executive OfficerFor more information, please contact 604-678-5308 or [email protected] TSX Venture Exchange, the Toronto Stock Exchange nor their Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Cautionary Note regarding Forward-Looking StatementsStatements contained in this press release that are not historical facts are \"forward-looking information\" or \"forward-looking statements\" (collectively, \"Forward-Looking Information\") with...