Boxxer Announces Private Placement

About this update from Exgen Resources Inc.

[{"type":"text","content":"\n\n\n\nCALGARY, Feb. 5 /CNW/ - Boxxer Gold Corp. (TSX-V:BXX) reported today that\ntwo directors of Boxxer have arranged the sale of 1,894,000 shares at a price\nof $0.035 per share through the facilities of the TSX Venture Exchange.\n\n\nThe net proceeds from this sale will be used to fund a private placement\nof up to 2,000,000 units of Boxxer at a price of $0.035 per unit, with each\nunit being comprised of one common share of Boxxer and one-half transferable\ncommon share purchase warrant. Each full warrant entitles the owner to acquire\nan additional common share of Boxxer for a period of eighteen (18) months at a\nprice of $0.10 per common share. Proceeds from the private placement will be\nused for general working capital. As part of the consideration to facilitate\nthis transaction, a 10% broker warrant amounting up to 189,400 warrants will\nbe issued to certain members of the TSX Venture Exchange on the gross proceeds\nof the transaction. Each broker warrant is exerciseable into one common share\nat a price of $0.05 for the first twelve (12) months, and at $0.10 for the\nnext six (6) months. The private placement is subject to regulatory approval.\n\n\nNeither TSX Venture Exchange nor its Regulation Services Provider (as\nthat term is defined in the policies of the TSX Venture Exchange) accept\nresponsibility for the adequacy or accuracy of this release.\n\n\nThis news release may contain certain forward-looking information. All\nstatements included herein, other than statements of historical fact, is\nforward-looking information and such information involves various risks and\nuncertainties. There can be no assurance that such information will prove to\nbe accurate, and actual results and future events could differ materially from\nthose anticipated in such information. A description of assumptions used to\ndevelop such forward-looking information and a description of risk factors\nthat may cause actual results to differ materially from forward-looking\ninformation can be found in the company's disclosure documents on the SEDAR\nwebsite at www.sedar.com. The company does not undertake to update any\nforward-looking information except in accordance with applicable securities\nlaws.\n\n\n%SEDAR: 00019646E\n\n\n","length":2323,"tagName":"div"}]

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