Mr. Dino Cremonese reports
PRIVATE PLACEMENT
Luxor Metals Ltd. intends to complete a non-brokered private placement consisting of the issuance of five million units at a price of 14 cents per unit for gross proceeds of $700,000. Each unit will consist of one common share and one warrant; each warrant entitles the purchaser to obtain one common share exercisable at 20 cents, valid for two years from the closing of the private placement.
The private placement is subject
to regulatory approval, including, but not limited to, approval of the TSX Venture Exchange, and all securities issued pursuant to the private placement will have a hold period of four months and one day.
There are no finders' fees or other commissions associated with the transaction.
The proceeds of the financing will be used mainly for exploration of its mineral properties in the Golden Triangle area of northwestern British Columbia. Additional uses of the proceeds will be for general corporate purposes.
About Luxor Metals Ltd.
Luxor holds title to 20,481 hectares of mineral claims known as the Luxor project situated in northwestern British Columbia in the southern portion of the Golden Triangle. It received $300,000 in cash and 3,076,923 shares of Tudor Gold Corp. from Teuton Resources Corp. pursuant to a spinout plan of arrangement that closed on May 16, 2025.
We seek Safe Harbor.
© 2026 Canjex Publishing Ltd. All rights reserved.