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Lexington Gold ( (GB:LEX) ) has shared an announcement.
Lexington Gold has secured a £350,000 unsecured convertible loan facility from major shareholders and board members, demonstrating strong internal support for the company’s strategy. The funding will advance the company’s South African gold projects, including the Jelani Joint Venture with Harmony Gold, and facilitate early-stage discussions regarding strategic options for its USA assets, providing financial flexibility without immediate equity dilution.
More about Lexington Gold
Lexington Gold is a gold exploration and development company with interests in four gold projects in North and South Carolina, USA, and six projects in South Africa. The company focuses on expanding its portfolio of gold assets in these regions.
Average Trading Volume: 410,570
Technical Sentiment Signal: Buy
Current Market Cap: £16.76M
Learn more about LEX stock on TipRanks’ Stock Analysis page.