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NGEx Minerals Announces C$100 Million Private Placement
NGEx Minerals Announces C$100 Million Private Placement Canada NewsWire ...
About this update from Ngex Minerals Ltd.
[{"type":"text","content":"\n\n\n\n NGEx Minerals Announces C$100 Million Private Placement\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 \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n\n\n\n\n\n\n /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY,\n \n\n OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO/\n \n THE UNITED STATES\n \n /\n \n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n Sept. 29, 2025\n \n\n /CNW/ -\n \n NGEx Minerals Ltd. (\"NGEx\", \"NGEx Minerals\" or the \"Company\")\n \n (TSX: NGEX) (OTCQX: NGXXF) is pleased to announce that it intends to sell on a non-brokered private placement basis, an aggregate of up to 4,000,000 common shares of the Company (the \"Common Shares\") at a price of\n \n C$25.00\n \n per Common Share for gross proceeds of up to\n \n C$100 million\n \n (the \"Private Placement\").\n \n PDF Version.\n \n\n\n Net proceeds of the Private Placement will be used towards furthering exploration programs at the Lunahuasi project in San Juan Province,\n \n Argentina\n \n , including, if permits are approved, construction of an exploration adit including any supporting infrastructure, work in support of an application for inclusion of the Lunahuasi project under\n \n Argentina's\n \n RIGI (\"Regimen de Incentivos para Grandes Inversiones\" or Incentive Regime for Large Investments), continued exploration and maintenance of the Company's Los Helados project located in Region III,\n \n Chile\n \n , as well as for general corporate and working capital purposes.\n \n\n Completion of the Private Placement will be subject to regulatory approval, including the approval of the Toronto Stock Exchange (the \"TSX\") and other customary regulatory approvals and closing conditions for a transaction of this nature including, but not limited to, execution of subscription agreements between the Company and the subscribers. The Common Shares will be issued on a private placement basis pursuant to exemptions from prospectus requirements under applicable securities laws and will be subject to a statutory hold period of four months and one day f...