Lexington Gold Ltd - Bermuda-based explorer with projects in the US - Enters an unsecured convertible loan agreement for £335,000, obtained from two shareholders and three directors.

Facility is expected to provide additional working capital financial flexibility, following the completion of the 5,000 metre drilling campaign, supporting the firm’s focus on establishing a maiden JORC resource estimate at Jones-Keystone and Loflin.

‘The last 12 months have seen us make significant progress at our promising gold projects in North and South Carolina including establishing a maiden JORC Resource estimate at Loflin. With the successful completion of our latest 5,000m drilling campaign and the remaining assay results for Loflin and Jones-Keystone expected during April and May 2022, our focus now shifts towards the JORC Resource related work to be conducted over the coming months,’ says Chief Executive Officer Bernard Olivier.

Current stock price: 2.55 pence, up 4.1% on Monday.

12-month change: down 28%

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