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Essex Announces Closing of Private Placement for $1,330,027
Essex Announces Closing of Private Placement for $1,330,027 Canada NewsWire ...
About this update from Optegra Ventures Inc.
[{"type":"text","content":"\n \n \n \n Essex Announces Closing of Private Placement for $1,330,027\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}\ntable p, #divContent table p\n{\nmargin: 0px;\nmargin-left: 3.8px;\nfont-size: 8pt !important;\nfont-family: Arial;\ncolor: black;\nmargin-right: 0pt;\n}\ntable th, #divContent table th\n{\nfont-weight: unset !important;\ntext-align: unset !important;\nvertical-align: unset !important;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n Not for Distribution in\n \n the United States\n \n or dissemination through a U.S. newswire service\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n Aug. 18, 2021\n \n \n /CNW/ -\n \n Essex Minerals Inc. (the \"Company\")\n \n (TSXV: ESX) (OTCQB: ESXFM) (FRA: EWX1) is pleased to announce that it has closed a non-brokered private placement (the \"Financing\"), raising\n \n $1,330,027.66\n \n in gross proceeds through the issuance of 10,230,982 Units at a price of\n \n $0.13\n \n per Unit, each Unit is comprised of one Common Share and one-half Warrant. One full Warrant is exercisable to purchase one additional Common Share at the price of\n \n $0.18\n \n for 24 months after closing (the \"Units\").\n \n \n Directors and Officers of the Company subscribed for 1,060,000 Units.\n \n \n The Company paid a finders' fee in connection with the financing consisting of 6% cash and 6% finders' share purchase warrants entitling the holders to purchase one share at a price of\n \n $0.18\n \n for two years.  The Company paid\n \n $54,600\n \n and 419,999 finders' warrants to Echelon Wealth Partners Inc.,\n \n $7,800\n \n and 60,000 finders' warrants to Primary Capital Inc. and\n \n $7,098\n \n and 54,600 finders' warrants to PI Financial Corp.\n \n \n All of the securities are subject to a hold period, which will expire\n \n December 17, 2021\n \n .\n \n \n The net proceeds from the Financing will be used by\n \n Essex\n \n for exploration expenditures on its existing mineral projects and general working capital purposes.\n \n \n \n Paul Loudon\n \n \n President & CEO\n \n \n \n Neither the TSX Venture Exchange nor i...