Business
SGX Resources Inc. Announces Private Placement Offering of Flow-Through Units
SGX Resources Inc. Announces Private Placement Offering of Flow-Through Units
About this update from 55 North Mining Inc.
[{"type":"text","content":"\n\n\n\n Dec. 1, 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. 1 /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 a private placement offering (the\n "Offering") of up to 2,000,000 units ("Units") at a price of $3.50 per\n Unit for gross proceeds of up to $7,000,000. Each Unit will be\n comprised of nine common shares of the Corporation issued as\n "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 will entitle the\n holder thereof to purchase one common share of SGX at a price of $0.45\n per share until July 20, 2012.\n\n\nCertain companies and individuals may assist the Corporation by\n introducing potential subscribers for the Offering and, subject to\n compliance with applicable legislation, will be entitled to receive a\n fee, payable in cash, equal to 5% of the total subscription proceeds\n received from subscribers introduced to the Corporation by each\n particular person.\n\n\nNo broker warrants will be issued in connection with the Offering. All\n the terms of the Offering are subject to the approval of the TSX\n Venture Exchange.\n...