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DualEx Announces Proposed $988,000 Private Placement Financing
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About this update from Spartan Delta Corp
[{"type":"text","content":"\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR\n DISSEMINATION IN THE UNITED STATES/\n\n\nCALGARY, Oct. 25, 2013 /CNW/ - DualEx Energy International Inc.\n (\"DualEx\" or the \"Corporation\") (TSXV:DXE), announced today its\n intention to complete a non-brokered private placement offering of up\n to 5,200,000 units at a price of $0.19 per unit, for gross proceeds of\n up to $988,000.  Each unit will consist of one common share and\n one-half of one (1/2) common share purchase warrant.  Each whole\n warrant will entitle the holder thereof to acquire one common share at\n a price of $0.30 per share for a period of one year after the closing. \n If, at any time, the volume-weighted average price of the common shares\n on the TSX Venture Exchange is at least $0.90 for a minimum of 10\n consecutive trading days (whether or not trading occurs on all such\n days, provided that the common shares trade on at least five of such\n trading days), the Corporation may, in its sole discretion, provide\n written notice to the holder that the exercise period has been reduced\n to 30 days following the delivery of such notice.\n\n\nA finder's fee of up to 6% of the gross proceeds of the offering may be\n paid, on all or any portion of the funds raised pursuant to this\n offering.  In addition, finders will receive finders warrants equal to\n up to 6% of the number of units issued in connection with the\n offering.  Each finder's warrant will entitle the holder to purchase\n one common share at a price of $0.19 per share for a period of one year\n after the closing.\n\n\nThe closing of the offering is expected to occur on or about October 31,\n 2013, and is subject to regulatory approval, including approval of the\n TSX Venture Exchange.  For further details on the offering, please\n contact the Corporation.  All securities issued in connection with the\n offering will be subject to a hold period of four months from the date\n of closing.  The net proceeds from the offering will be used to further\n the Corporation's oil and gas exploration and production activities\n within the Bouhajla Permit in Tunisia and for general working capital.\n\n\nDualEx Energy International Inc. is an oil and gas exploration and\n production company with operations in Tunisia and Hungary. DualEx's\n common...