Business
Tiex Inc. Closes First Tranche of Private Placement
Dec. 23, 2010 (Canada NewsWire Group) -- /NOT FOR DISTRIBUTION TO USA WIRE SERVICES OR FOR DI...
About this update from Bullion Gold Resources Corp.
[{"type":"text","content":"\n\n\n\n Dec. 23, 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/NOT FOR DISTRIBUTION TO USA WIRE SERVICES OR FOR DISSEMINATION IN THE\n USA/\n\n\nKELOWNA, BC, Dec. 23 /CNW/ - Tiex Inc. ("Tiex" or the "Company") TSX-V: TIX is pleased to announce that, effective on December 23, 2010, it closed\n the first tranche (the "First Tranche Closing") of the private\n placement first announced on November 8, 2010 and as amended by a news\n release on December 23, 2010 (the "Private Placement"). The Private\n Placement consists of 5,312,500 common share units (" Common share "Units") at a price of $0.10 per Unit for gross proceeds of $531,250  and\n 4,030,000  common shares issued on a "flow-through" basis (Flow-through\n share "Units") at a price of $0.125 per Unit for gross proceeds of $503,750. Each\n Unit will consist of one common share (a "Common Share") and one half of one Common Share purchase warrant (a "Warrant").  Each full Warrant is exercisable for one year from closing into one\n Common Share at $0.15 per share for the Common Unit and $0.20 per share\n for the Flow-through Unit. The First Tranche Closing consisted of the\n sale of all of the 4,030,000 Flow-through Units resulting in gross\n proceeds to the Company of $503,750 and 3,612,500 of the Common Units\n resulting in gross proceeds to the Company of $361,250. The Private\n Placement is subject to final regul...