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Leucrotta Exploration announces closing of private placement

June 22, 20213:00 PM Newsfile

Calgary, Alberta – Leucrotta Exploration Inc. (TSXV: LXE) (“Leucrotta” or the “Company”) is pleased to announce that it has closed its non-brokered private placement offering previously announced on June 15, 2021 (the “Private Placement“) of 1,870,000 units of the Company (the “Units“) at a price of C$0.73 per Unit for gross proceeds of C$1,365,100. Each Unit consisted of one common share issued on a flow-through basis in respect of Canadian development expenses (CDE) under the Income Tax Act (Canada) (a “CDE Common Share“) and one flow-through CDE Common Share purchase warrant (each whole CDE Common Share purchase warrant, a “Warrant“). Each Warrant entitles the holder thereof to acquire one CDE Common Share at a price of C$1.00 for a period of 36 months from the closing date of the Private Placement.

Advisories & Contact
For further information, please contact:

LEUCROTTA EXPLORATION INC.
700, 639 -5th Ave SW
Calgary, Alberta T2P 0M9
Phone: (403) 705-4525
www.leucrotta.ca

Robert Zakresky
President and Chief Executive Officer

Nolan Chicoine
Vice President, Finance and Chief Financial Officer

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Leucrotta Exploration

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