Lexston Mining Corporation (CSE: LEXT) (OTCQB: LEXTF) (Deutsche Borse Frankfurt: L75) announced Tuesday that it has engaged Dentons Delany Inc., a law firm in Guyana, to assist with local incorporation, tax registration, and legal advice on mining sector regulations. The move signals the company's growing interest in evaluating mineral exploration opportunities in the South American nation.
Dentons Delany will handle the incorporation of a local company in Guyana, obtaining a Tax Identification Number, registration with the National Insurance Scheme, and provide general advice on Guyana's mining laws and practices. This engagement comes as Lexston's management prepares to travel to Guyana on June 15 to review and visit prospective mining projects.
"As Lexston continues to assess mineral exploration opportunities worldwide, we are excited to explore potential opportunities in Guyana," said Jag Bal, CEO of Lexston Mining Corporation. "Engaging Dentons Delany, a highly regarded firm, marks an important step in our evaluation of potential mineral assets in Guyana."
Guyana has emerged as a notable jurisdiction for mineral exploration, particularly for gold and other precious metals, due to its favorable geology and mining-friendly policies. The country has attracted several junior mining companies looking to capitalize on its resource potential. Lexston's entry into Guyana diversifies its portfolio, which currently includes a mineral exploration project in British Columbia and Nevada.
The company trades on the OTCQB Venture Market under the symbol LEXTF, catering to early-stage and developing U.S. and international companies. Investors can find real-time quotes and market information for the company on www.otcmarkets.com.
Lexston Mining Corporation is a Canadian mineral exploration company focused on the acquisition and development of mineral projects with the objective of enhancing value to all stakeholders. The engagement of Dentons Delany represents a strategic step as the company evaluates new opportunities to expand its asset base.
This news release was originally distributed on NewMediaWire.
