Business
ExGen Resources Announces C$2,000,000 Common Share Private Placement
VANCOUVER, British Columbia, Nov. 23, 2021 (GLOBE NEWSWIRE) -- ExGen Resources Inc. (TSX.V: EXG; OTC: BXXRF) (“ExGen”) is pleased to announce that it intends to
About this update from Exgen Resources Inc.
[{"type":"text","content":" VANCOUVER, British Columbia, Nov. 23, 2021 (GLOBE NEWSWIRE) -- ExGen Resources Inc. (TSX.V: EXG; OTC: BXXRF) (“ExGen”) is pleased to announce that it intends to complete a non-brokered private placement offering of up to 20,000,000 common shares in the capital of ExGen (“Offered Shares”) at a price of $0.10 per Offering Share, for gross proceeds of up to $2,000,000 (the “Private Placement”). ExGen intends to complete the Private Placement using available prospectus exemptions under securities laws including the accredited investor exemption and the close friends, family and business associates exemption. Any investors interested in participating in the Private Placement should contact ExGen pursuant to the contact information set forth below. Closing of the Private Placement is anticipated to occur on or around December 3rd, 2021. A finder’s fee of up to 7% of the gross proceeds of the Private Placement may be paid in cash or ExGen common shares on all or any portion of the Private Placement. The net proceeds from the Private Placement will be used for potential exploration and development on ExGen’s properties including the Empire Mine Project, potential future acquisitions and general working capital. It is not anticipated that any new insiders will be created, nor that any change of control will occur, as a result of the Private Placement. Any participation by insiders of ExGen in the Private Placement will be on the same terms as arm’s length investors. There is no minimum aggregate subscription amount for the Private Placement, but completion of the Private Placement is subject to all regulatory approvals, including the TSXV acceptance. Depending on market conditions, the gross proceeds of the Private Placement could be increased or decreased. All securities issued in connection with the Private Placement will be subject to a hold period of four months and one day from the date of closing. For further details on the Private Placement, please contact ExGen at the contact information set forth below. About ExGen Resources Inc. ExGen, formerly Boxxer Gold Corp, is a project accelerator that seeks to fund exploration and development of our projects through joint ventures and partnership agreements. This approach significantly reduces the technical and financial risks for ExGen, while maintaining the upside exp...