OTCPK:SXGDF - Post by User
Post by
AndrewC2on Jun 11, 2010 6:15am
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Post# 17179803
Private placement
Private placement
Press Release Source: SAMEX Mining Corp. On Thursday June 10, 2010, 1:15 pm EDT
VANCOUVER, BRITISH COLUMBIA--(Marketwire - 06/10/10) - SAMEX (TSX-V:SXG - News)(OTC.BB:SMXMF - News) has arranged a private placement of approximately 3,200,000 units comprised of one common share and one-half of a share purchase warrant at a price of
.30 per unit. One full warrant will entitle the holder to purchase an additional common share at a price of
.35 per share if exercised at any time during the two year term of the warrant. The share/warrant units will be subject to a four-month hold period. The proceeds of the private placement will be used for gold exploration on the Nora, Cinchado, Milagro, and Milagro Pampa Projects at the Los Zorros Property in Chile and for general working capital. SAMEX is exploring the Los Zorros district for multiple gold ore bodies. The private placement is subject to regulatory acceptance.
Jeffrey Dahl, President
The TSX Venture Exchange has neither approved nor disapproved of the information contained herein.