TSXV:MIX.H - Post by User
Post by
I_luv_GVGon Oct 07, 2007 4:09pm
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MIX to raise up to $200,000 privately
MIX to raise up to $200,000 privatelyHello everyone,
Micrex Development to raise up to $200,000 privately
2007-10-05 17:33 ET - News Release
Mr. Perry Meszaros reports
FINANCING ANNOUNCED
Micrex Development Corp. is, subject to regulatory approval, undertaking a non-brokered private placement by the issuance of up to 800,000 units at 25 cents per unit, each unit consisting of one common share and one common share purchase warrant. Each warrant entitles the holder to subscribe for an additional share at an exercise price of 30 cents for a period of one year from closing. The units are to be issued on the basis that 75 per cent of each subscription amount is flow-through eligible.
Proceeds will be used to further drilling on its existing properties.
Cheers,
I_luv_GVG