Leviathan Metals - acknowledges certain promotional statements may be exaggerated or misleading

ByAinvest
Monday, Jun 1, 2026 12:09 pm ET1min read

Leviathan Metals Corp. (TSXV: LVX) recently closed a $10 million private placement offering, issuing 15,625,000 common shares at $0.64 per share. The funds will be allocated toward drilling and exploration activities in Botswana, Bosnia and Herzegovina, and Australia, as well as for general corporate purposes. The offering was conducted under the Listed Issuer Financing Exemption and OSC Rule 72-503, with no hold period for most issued shares. Total fees and commissions amounted to $513,482.24, and the company issued 802,557 compensation options to brokers and advisors.

The company has also made strategic acquisitions in recent months, including Cura Exploration Botswana Corp. and Foča Metals Corp., expanding its portfolio in the Kalahari Copper Belt and the Central Dinaride zone. These moves aim to leverage underexplored geological settings with potential for significant mineral discoveries. The company has secured necessary permits for drilling campaigns and is preparing for airborne geophysical surveys to guide exploration efforts.

While the company has outlined ambitious exploration plans and highlighted the potential of its projects, it is important to note that forward-looking statements in its disclosures are subject to risks and uncertainties. These include regulatory approvals, market conditions, and the inherent challenges of mineral exploration. Investors are advised to review the company’s filings on SEDAR+ and its official website for detailed information on its operations and risk factors.

Leviathan Metals - acknowledges certain promotional statements may be exaggerated or misleading

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