Argex Titanium Inc. ARGEF

Phoenix rising from the ashes...

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Argex Titanium Announces $3.5Million Private Placement... MONTREAL, Qubec (FSCwire) - Argex Titanium Inc. (TSX: RGX) (Argex) is pleased to announce that it has received conditional approval from the Toronto Stock Exchange for a private placement of a maximum of 46,666,666 units at a price of $0.075 per unit, for maximum gross proceeds to Argex of $3.5 million. Argex expects that closing of the private placement will take place on or about July 21, 2017. Each of the units will be comprised of one common share and one-half of a common share purchase warrant; each full warrant will entitle its holder to acquire one additional Argex common share at a price of $0.13 for a period of 18 months from the closing date. In the event that the closing price of Argexs common shares on the Toronto Stock Exchange is at least $0.15 for a period of not less than 20 consecutive trading days, the warrants will expire, at the sole discretion of Argex, on the 30th day after the date on which Argex sends a notice in prescribed form to the holders of the warrants. Argex will use the net proceeds from the private placement to complete FEL-2 engineering and a technology package for its titanium dioxide (TiO2) project. Read more at https://www.stockhouse.com/news/press-releases/2017/07/11/argex-titanium-announces-3-5million-private-placement#0W5Z4Dj8SOhKUKcM.99