StrategX Elements Corp. Completes $4.5 Million Charity FT Private Placement —
Summary
The Company will renounce all Qualifying Expenditures in favour of Charity FT Shares subscribers effective December 31, 2024. All Charity FT Shares issued under the Charity FT Financing are subject to a hold period expiring October 25, 2024, in accordance with applicable securities laws in Canada and the policies of the Canadian Securities Exchange (CSE).Northern Exposure Minerals LP (Northern Exposure), a Nevada Limited Partnership, acted as the sole back-end purchaser, thereby acquiring approximately 28.5% of the issued shares of StrategX on a non-diluted basis, resulting in the creation of a new control person under Canadian securities laws and CSE policies. As such, this transaction necessitated shareholder approval under CSE policies, which has been obtained by way of written consent, as permitted under CSE policies, from shareholders holding approximately 77.5% of the Companys issued shares.Prior to the closing of the Charity FT Financing, Northern Exposure did not hold any securities of the Company. Northern Exposure reserves the right to acquire additional securities of StrategX or to divest its holdings (via market or private transactions) as deemed appropriate. Interested parties can access a related early warning report through the Companys profile on the SEDAR+ website (www.sedarplus.ca) or by contacting Northern Exposure at 3275 South Jones Blvd, Suite 104, Las Vegas, Nevada, 89146.Darren Bahrey, President and CEO of StrategX, commented Thanks to the ongoing support we received from the Companys shareholders, as evidenced by an overwhelming approval to the 55 Water Street, Unit 514 Vancouver, BC V6B 1A1 778-231-2767 info@strategxcorp.com www.strategxcorp.com creation of the new control person under this financing.