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Orex Minerals Inc Announces Non-Brokered Private Placement


Monday, 18 Feb 2013 06:30pm EST 

Orex Minerals Inc announced that it is undertaking a non-brokered private placement (the Offering) for gross proceeds of up to $20,000,000. The Offering consists of up to 40,000,000 common shares (Orex Shares) at a price of $0.50 per share. Orex expects the Offering to close on or about March 30, 2013. Orex may pay finder's fees for the Offering of up to 7% in cash or Orex Shares, at the discretion of Orex. Orex intends to use the net proceeds of the Offering to fund additional exploration of the Barsele Gold Project in Sweden, to fund exploration of the Los Crestones project in Mexico, and for general working capital purposes. 

Company Quote

0.32
0.0050 +1.59%
29 Aug 2014