Business
TIEX Closes $1,035,000 Private Placement
Jan. 4, 2011 (Canada NewsWire Group) -- /NOT FOR DISTRIBUTION TO US WIRE SERVICES OR FOR DISS...
About this update from Bullion Gold Resources Corp.
[{"type":"text","content":"\n\n\n\n Jan. 4, 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\n/NOT FOR DISTRIBUTION TO US WIRE SERVICES OR FOR DISSEMINATION IN THE\n US/\n\n\nKELOWNA, BC, Jan. 4 /CNW/ - TIEX INC. ("Tiex" or the "Company") (TSX-V: TIX) is pleased to announce that, effective on December 31,2010, the\n company closed the second and final tranche (the "Second Tranche\n Closing") of the non brokered private placement first announced on\n November 8, 2010 and as amended by news releases on December 18, 2010,\n to announce an increase in the size of the offering, and December 23,\n 2010, to announce the closing of the first tranche of the increased\n offering, (the "Private Placement"). The entire Private Placement\n consisted of the sale of 5,312,500 common share units (the "Units") at\n $0.10 per Unit ($531,250) and 4,030,000 flow-through units (the "FT\n Units") at $0.125 per FT Unit ($503,750) for gross proceeds to the\n Company of $1,035,000. The Second Tranche Closing consisted of the sale\n of 1,700,000 Units ($170,000)\n\n\nEach Unit and each FT Unit consists of one common share (each a "Share")\n and one half of a common share purchase warrant (each full warrant a\n "Warrant"). Each Warrant included in the Units will entitle the holder\n to purchase one additional Share for $0.15 and each Warrant included in\n the FT Units will entitle the holder to purchase one additional Share\n for $0.20. All of the Warran...