Business
SGX Resources Inc. Announces Closing of Private Placement Offering of Units
Apr. 27, 2011 (Canada NewsWire Group) -- WINNIPEG, April 27 /CNW/ - Mr. Hugh Wynne, CEO of SG...
About this update from 55 North Mining Inc.
[{"type":"text","content":"\n\n\n Apr. 27, 2011 (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\nWINNIPEG, April 27 /CNW/ - Mr. Hugh Wynne, CEO of SGX Resources Inc.\n (the "Corporation"), a company listed on the TSX Venture Exchange under\n the symbol "SXR", today announced the closing of its previously\n announced private placement offering (the "Offering") of flow-through\n units ("Flow-Through Units") at a price of $0.30 per Flow-Through Unit\n and non flow-through units ("Non Flow-Through Units") at a price of\n $0.25 per Non Flow-Through Unit. At closing the Corporation issued\n 300,000 Flow-Through Units and 1,200,000 Non Flow-Through Units for\n aggregate gross proceeds of $390,000. The net proceeds of the Offering\n will be used for continuing exploration on the Timmins gold properties\n of the Corporation.\n\n\nEach Flow-Through Unit was comprised of one common share of the\n Corporation issued as a "flow-through share" within the meaning of the Income Tax Act (Canada) and one common share purchase warrant (a "Warrant"). Each Non\n Flow-Through Unit was comprised of one regular common share of the\n Corporation and one Warrant. Each Warrant entitles the holder thereof\n to purchase one common share of the Corporation at a price of $0.35 per\n share until the date that is two years from the date of issuance. The\n securities issued pursuant to the Offering will be restricted from\n transfer for a period of four months and a day in a...