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TGX Energy & Resources Inc V.TGX

Alternate Symbol(s):  TNGMF

TGX Energy & Resources Inc., formerly True North Gems Inc., is engaged in the exploration and evaluation of natural resource properties in Canada. Its properties include True Blue, Cobalt Hill, Chuchinka rare earth element (REE), Decelles and The Nabikok. The True Blue Property comprises around 303 claims located 55 kilometers (km) south of Ross River, Yukon. The Cobalt Hill Property, a base and precious metal prospect, is located five km east of Castlegar in southeastern British Columbia (BC), covering an area of over 562.5186 hectares (ha). The Chuchinka REE property is a grassroots REE exploration prospect covering an area of over 562 ha, which is located four km north of the Defense Metals Corp. REE discovery known as the Wicheeda rare earth element deposit, in BC. The Decelles property consists of around 215 claims. Nabikok Property is an early-stage lithium-bearing spodumene pegmatite prospect comprised of 155 exploration claims, located in the eastern region of the Abitibi Belt.


TSXV:TGX - Post by User

Bullboard Posts
Post by mrpiggy5on Mar 15, 2007 9:09pm
221 Views
Post# 12427867

PP news

PP newslooks like we got about 4 million from this round ,thats a good start. True North 6,545,000-share private placement 2007-03-15 18:17 ET - Private Placement The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced Feb. 15, 2007. Shares: 6,545,000 Price: 55 cents Warrants: 3,272,500 share purchase warrants to purchase 3,272,500 shares Exercise price: 70 cents for a one-year period; $1.00 in the second year Hidden placees: 149 Agent: Dundee Securities Corp. Commission: 8 per cent cash ($287,980) and 8 per cent agent's warrants (523,600 warrants, each exercisable for one common share at 70 cents in the first year and at $1.00 per share in the second year)
Bullboard Posts