Latin Explore To Raise CA$2 Million Via Non-Brokered Private Placement

09:47 AM EDT, 10/21/2026 (MT Newswires) -- Latin Explore (LXE.V) plans to raise up to CA$2 million, through a non-brokered private placement, it said Wednesday. The private placement will include 10 million units for a subscription price of CA$0.20 each, said the company. Each unit will be made up of a share and one-half of a warrant, each entitling the holder to buy a share at a price of CA$0.30 per share for a period of two years from the closing of the financing, it said. The company plans to use the proceeds to fund exploration, generative work, and for general working capital, it added. The financing is subject to the receipt of all necessary approvals, said Latin Explore. The company's shares were last seen down CA$0.05 or 20.8% to CA$0.19 on the TSX Venture Exchange. Price: 0.19, Change: -0.05, Percent Change: -20.83