Business
Tiex Inc. Increases Private Placement to $1,035,000
Tiex Inc. Increases Private Placement to $1,035,000
About this update from Bullion Gold Resources Corp.
[{"type":"text","content":"\n\n\n\n Dec. 17, 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. 17 /CNW/ - Tiex Inc. ("Tiex" or the "Company") TSX-V: TIX is pleased to announce that further to its press release dated November\n 8, 2010, the size of its previously-announced non-brokered private\n placement has been increased to $ 1,035,000 (the "Increased Offering"). The Increased Offering will consist of up to 5,462,500 common share\n units (" Common share "Units") at a price of $0.10 per Unit for gross proceeds of up to $546,250 \n and up to 3,910,000 common shares issued on a "flow-through" basis\n (Flow-through share "Units") at a price of $0.125 per Unit for gross proceeds of up to $488,750.\n Each 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.\n\n\nA finder's fee of up to 7 percent of the gross proceeds of the private\n placement may be paid in cash or Common Units on all or any portion of\n this private placement. It is not anticipated that any new insiders\n will be created, nor that any change of control will occur, as a result\n of the private placement. Completion of t...