Business
Tiex - Closes Private Placement
May 5, 2011 (Canada NewsWire Group) -- (Not for distribution to USA wire services or for diss...
About this update from Bullion Gold Resources Corp.
[{"type":"text","content":"\n\n\n May 5, 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 USA wire services or for dissemination in the\n USA)\n\n\nKELOWNA, BC, May 5 /CNW/ - Tiex Inc. ("Tiex" or the "Company") TSX-V: TIX is pleased to announce that, it closed today a non - brokered private\n placement (the "Private Placement"). The Private Placement consists of 1,532,000 units ("Common share "Units") at a price of $0.175 per Unit for gross proceeds of $268,100. Each\n Unit consists of one common share (a "Common Share") and one half of one common share purchase warrant (a "Warrant"). Each full Warrant entitles the holder to acquire one common share at\n $0.25 per share and is exercisable until May 4, 2012. The Private\n Placement is subject to final regulatory approval.\n\n\nIn connection with the Closing, the Company paid finders' fees of 91,920\n Units to Scarsdale Equities LLC acting as finders. The Units are\n subject to a four month hold period expiring on September 5, 2011.\n Proceeds of the private placement will be used by the Company for\n general corporate purposes and to further fund exploration work on the\n Company's Cariboo Goldfields Properties.\n\n\nAbout Tiex Inc.\n\n\nTiex Inc. is a TSX Venture listed mineral exploration company focused on\n the exploration of its 95,559 hectare Cariboo Goldfields Project,\n (including the earn-in option/joint venture agreement with Newmont\n an...