Business
TerraX Announces Exercise in Full of Over-Allotment Option in Connection with Recently Completed C$5 Million Financing
Not for Distribution to U.S. News Wire Services or Dissemination in the United States. V...
About this update from Gold Terra Resource Corp.
[{"type":"text","content":"TerraX Announces Exercise in Full of Over-Allotment Option in Connection with Recently Completed C$5 Million FinancingNot for Distribution to U.S. News Wire Services or Dissemination in the United States.VANCOUVER, BC / ACCESSWIRE / January 10, 2020 / TerraX Minerals Inc. (TSXV:TXR)(Frankfurt:TX0)(OTCPINK:TRXXF) (\"TerraX\" or the \"Company\") is pleased to announce that BMO Capital Markets (the \"Underwriter\") has exercised in full its over-allotment option (the \"Over-Allotment Option\") to purchase an additional 2,000,000 common shares in the capital of the Company (the \"Common Shares\"), in connection with the Company's recently completed bought deal offering of C$5 million which closed on December 27, 2019 (the \"Offering\"). On closing of the Over-Allotment Option, the Company will have issued 22,000,000 Common Shares for gross proceeds of C$5,500,000 pursuant to the Offering.The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.The Over-Allotment Option is expected to close on or about January 17, 2020. As previously announced, the net proceeds of the Offering will be used to advance exploration at the Company's wholly-owned Yellowknife City Gold project, for working capital, and for general corporate purposes.On behalf of the Board of Directors,\"DAVID SUDA\"David SudaPresident and CEOFor more information, please contact:Samuel VellaManager of Corporate CommunicationsPhone: 604-689-1749 / Toll-Free: [email protected] the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectation. Important factors - including the availability of funds, the results of financing eff...