Business
Metalex closes private placement
Metalex closes private placement.
About this update from Metalex Ventures Ltd.
[{"type":"text","content":"\n\n\n\n\nLOWNA, BC, June 26 /CNW/ - METALEX VENTURES LTD. (\"MTX\"-TSX.V) (the\n\"Company\") - The Company is please to announce that it has closed a further\nnon-brokered private placement for gross proceeds of $4,182,010. The offering\nconsisted of 4,551,200 flow-through shares and 1,423,100 non flow-through\nunits, both securities priced at $0.70 per security, with each unit comprised\nof one common share and one-half of one share purchase warrant and each whole\nwarrant exercisable for the purchase of one common share of the Company at a\nprice of $0.88 per share until June 19, 2007. All securities are subject to a\nhold period expiring on October 20, 2006. The Company has agreed to pay\ncertain finder's fees in accordance with the policies of the TSX Venture\nExchange.\nProceeds from the private placement will be used to advance the bulk\nsampling of T1 and exploration in Ontario and Quebec as well as exploration in\nAngola and other overseas projects.\n\nON BEHALF OF THE BOARD OF DIRECTORS\n\nPeter Gregory, President\nMETALEX VENTURES LTD.\n\nThe TSX Venture Exchange has not reviewed and does not accept\nresponsibility for the adequacy or accuracy of the contents herein.\n\n%SEDAR: 00008159E\n\n\n","length":1264,"tagName":"div"}]