Business
Metalex Ventures Ltd. - Private Placement, April 28, 2006
Metalex Ventures Ltd. - Private Placement, April 28, 2006.
About this update from Metalex Ventures Ltd.
[{"type":"text","content":"\n\n\n\n\nLOWNA, BC, May 2 /CNW/ - METALEX VENTURES LTD. (\"MTX\"-TSX.V) (the\n\"Company\").\nThe Company is pleased to announce that on April 28, 2006, subject to\nfinal TSX Venture Exchange approval, it has closed its previously-announced\nnon-brokered private placement for gross proceeds of $12,991,899.20. The\noffering consisted of 10,570,571 flow-through shares and 7,987,285 non \nflow-through units, both securities priced at $0.70 per security, with each\nunit comprised of one common share and one-half of one share purchase warrant\nand each whole warrant exercisable for the purchase of one common share of the\nCompany at a price of $0.88 per share until April 28, 2007. All securities are\nsubject to a hold period expiring on August 29, 2006. The Company has agreed\nto pay certain finder's fees in accordance with the policies of the TSX\nVenture Exchange.\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\n\"Peter Gregory\"\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\n\n","length":1352,"tagName":"div"}]