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MONTREAL, March 1, 2023 /CNW/ - LXRandCo, Inc. ("LXR" or the "Company") (TSX:LXR.TO) (TSX:LXR-WT.TO), a digital-first omni-channel retailer of authenticated pre-owned luxury handbags and accessories, is pleased to announce a brokered private placement (the "Private Placement") led by Stifel Nicolaus Canada Inc. ("Stifel GMP"), acting as lead agent, together with a syndicate of agents, of up to 2,376 unsecured convertible debenture units of the Company (the "Debenture Units"), for gross proceeds of up to $2,376,000. The net proceeds of the offering will be used for working capital and for general corporate purposes.
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