SGX Resources Inc. Announces Closing of Private Placement Offering of Flow-Through Units

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[{"type":"text","content":"\n\n\n\n Dec. 30, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\n/THIS PRESS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR\n DISTRIBUTION TO U.S. NEWS WIRE SERVICES/\n\n\nWINNIPEG, Dec. 30 /CNW/ - Mr. Hugh Wynne, CEO of SGX Resources Inc. (the\n "Corporation"), a company listed on the TSX Venture Exchange under the\n symbol "SXR", today announced the closing of its previously announced\n private placement offering (the "Offering") of units ("Units") at a\n price of $3.50 per Unit. At closing the Corporation issued 768,050\n Units for gross proceeds of $2,688,175. The net proceeds of the\n Offering will be used for continuing exploration on the Timmins gold\n properties of the Corporation.\n\n\nEach Unit was comprised of nine common shares of the Corporation issued\n as "flow-through shares" within the meaning of the Income Tax Act (Canada), one regular common share of the Corporation and five common\n share purchase warrants ("Warrants"). Each Warrant entitles the holder\n thereof to purchase one common share of the Corporation at a price of\n $0.45 per share until July 20, 2012. The securities issued pursuant to\n the Offering will be restricted from transfer for a period of four\n months and a day in accordance with applicable securities laws.\n\n\nCertain companies and individuals assisted the Corporation by\n introducing potential subscribers for the Offering and received a fee,\n payable in cash, e...

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