Post by
richajer on Jan 05, 2006 4:51pm
Nooooooz
NEWS RELEASE TRANSMITTED BY CCNMATTHEWS
NFX Gold Inc.
January 5, 2006 - 15:40:01 ET
NFX Announces Financing
TORONTO, ONTARIO--(CCNMatthews - Jan. 5, 2006) -
(Not for dissemination in the United States of America.)
NFX GOLD INC. (TSX VENTURE:NFX) ("NFX" or the "Company") wishes to announce
that it intends to complete a non-brokered private placement (the "Private
Placement") of up to 2,000,000 Units of NFX at a price of $0.30 per unit for
total proceeds of up to $600,000. Each Unit will consist of one common share
(the "Common Shares") and one-half of one non-transferable share purchase
warrant of the Company (the "Warrants"). Each whole Warrant will entitle the
holder to purchase one Common Share at a price of $0.40 per share for a period
of 18 months. The Private Placement is subject to regulatory approval. All
securities issued pursuant to the Private Placement will be subject to the
applicable statutory, exchange and regulatory hold period.
The net proceeds of the Private Placement will be used for working capital and
to finance continued exploration at NFX's Larder Lake project, located in
northeastern Ontario.
FOR FURTHER INFORMATION PLEASE CONTACT:
NFX Gold Inc. Thomas G. Larsen President and Chief Executive Officer (416)
360-8006 (416)361-1333 NFX Gold Inc. Jorge Estepa Vice President (416)
360-8006 (416)361-1333 www.nfxgold.com
The TSX Venture Exchange Inc. has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.