(via TheNewswire)
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1. Company’s full understanding of the promotional activities is:
a)The Company became aware of the promotional activities on
June 28, 2024 .b)The effect of the promotional activities on the trading activity of the Company’s security. The Shares of the Company started trading on the OTCQB market on
May 17, 2024 .OnJune 28 ,2024, a newsletter was brought to the attention of the Company by OTC Markets. The Company observed increased trading volumes of the Shares on the OTCQB market onMay 28, 2024 ,June 18, 2024 ,June 20, 2024 ,June 21, 2024 ,June 25, 2024 ,June 26, 2024 ,June 27, 2024 andJune 28, 2024 . The newsletter datedJune 27, 2024 , was not authorized or reviewed by the Company and promotes the shares of the Company as well as shares of certain other entities mentioned in the newsletter. The effect of the newsletter on the trading activity of the Company’s shares is not clear.c)A clear description of the source and content of the promotional activities. The source of the promotional materials was the newsletter disseminated by Primetime Profiles. While the Company agrees with the identification of the mineral properties of the Company, the newsletterincluded information and promotional language that went beyond the factual statements in the Company's news releases. The Company is a junior exploration company and, as such cannot provide any assurance with respect to the future growth of value for its shareholders. Investment in the shares of the Company is highly speculative.
2. The Company, its officers and directors were not involved directly or indirectly with the creation, payment, or distribution of this newsletter.
3. The management of the Company did not review the newsletter before it was brought to the attention of the Company by OTC Markets. The newsletter presented some factual statements regarding the Company, its business and industry, seemingly drawn from the Company's news releases. While the Company agrees with the factual statements in the newsletter that were based on prior news releases, the newsletter included information and promotional language that went beyond the factual statements in the Company's news releases. The Company had no editorial control over the content in the newsletter and is unaware of the full nature of the advertising activity or the responsible parties.
4. The Company made inquiries and confirms that it is not aware of any directors, officers or shareholders owning 10% or more of the Company's Common Shares, that may have directly or indirectly been involved in any way with the creation or distribution of the newsletter. The Company was informed that its service provider
5. The following is the information with respect to the purchase and/or sale of securities of the Company by directors, officers, insiders controlling shareholders and any third-party service providers knownto the Company during the last 90 days. Hillside Consulting and
To the knowledge of the Company, no other officer, director, control person or third-party service provider has sold or purchased the Company’s securities within the past 90 days.
6. During the last twelve months marketing and advertising services to the Company have been provided by
7. On
The public disclosure record of the Company is available atwww.sedarplus.caunder the profile of the Company.
About
The Company is a Canadian mineral exploration company, focused on the acquisition and development of mineral projects. The Company has mineral exploration projects in
The Company (OTCQB: LEXTF) trades on the OTCQB Venture Market for early stage and developing
On Behalf of the Board of Directors
LEXSTON MINING CORPORATION
Chief Executive Officer
Telephone: (604) 928-8913
Email:info@lexston.ca
The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.
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Copyright (c) 2024 TheNewswire - All rights reserved., source