Lexington Gold Ltd Surmounts Market Challenges with Successful Equity Fundraise and New Broker Appointment

Showing true endurance against challenging conditions in the market, Lexington Gold Ltd managed to raise a substantial £530K in an aggregate equity fundraise. This remarkable achievement is a testament to the company’s resilience and strategic excellence, bringing together a mix of new and seasoned investors into the fold.

In an exciting turn of events, Lexington Gold also announced the appointment of Optiva Securities as its joint broker, lending further momentum to this course. The equity fundraise centered on the issuance of 15,588,240 new common shares at 3.4 pence per share, grandly demonstrating the trust that investors place in the company’s promising future.

The successful capital raise at market price, even in a challenging environment, portrays positively on the company’s strength and sustainability. With the backing of loyal shareholders and the interest of fresh investors, Lexington Gold continues to expand, unfolding its capacity for value within a volatile portfolio.

Lexington Gold’s Non-Executive Chairman, Ed Nealon, expressed satisfaction with the capital raise’s outcome. He acknowledged the challenging market environment, praised the strong backing received from existing shareholders, and welcomed new investors attracted by the recognized value within the company’s portfolio.