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METALEX ANNOUNCES PRIVATE PLACEMENT AND RETURN TO QUEBEC PROJECT
METALEX ANNOUNCES PRIVATE PLACEMENT AND RETURN TO QUEBEC PROJECT Canada NewsWire ...
About this update from Metalex Ventures Ltd.
[{"type":"text","content":"\n \n \n \n METALEX ANNOUNCES PRIVATE PLACEMENT AND RETURN TO QUEBEC PROJECT\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n /THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n OR FOR DISTRIBUTION TO U.S. WIRE SERVICES./\n \n \n \n \n KELOWNA, BC\n \n \n ,\n \n \n July 21, 2023\n \n \n /CNW/ -\n \n Metalex Ventures Ltd.\n \n (TSXV: MTX) (the \"Company\") announces that it will undertake a non-brokered private placement to raise gross proceeds of up to\n \n $350,000\n \n (the \"Offering\").\n \n \n \n \n \n \n \n \n \n The Offering will be comprised of flow through shares (\"FT shares\") priced at\n \n $0.05\n \n per FT share.  Proceeds from the sale of the FT Shares will be used to finance qualified exploration on the Company's claim blocks in its 100% owned\n \n Quebec\n \n project.\n \n \n \n This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States.  The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the \"U.S. Securities Act\") or any state securities laws and may not be offered or sold within\n \n the United States\n \n or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.\n \n \n \n The securities issued pursuant to the Offering will be subject to a four month hold period from the date of issue of the units.  The Offering remains subject to the acceptance of the TSX Venture Exchange.\n \n \n The Company is also pleased to announce that drilling has now restarted on claim block A5.  Work had begun in\n \n May 2023\n \n , but was forced to pause due to the extreme forest fire risk in\n \n Quebec\n \n .\n \n \n Signed,\n \n \n \n \n Charles Fipke\n \n \n \n \n \n Charles Fipke\n \n \n Chairman\n \n \n \n FORWARD LOOKING STATEMENTS: Certain of the statements and information in this press release constitute \"for...