News
Corex Gold reprices private placement
2014-08-29 16:10 ET - News Release
Mr. Craig Schneider reports
COREX ANNOUNCES RE-PRICING OF ITS PREVIOUSLY ANNOUNCED PRIVATE PLACEMENT
Corex Gold Corp. has repriced its previously announced non-brokered private placement financing for up to six million units of the company at a price of 10 cents per unit has been changed to eight cents to raise gross proceeds of up to $620,000. Each unit will comprise one common share of the company and one common share purchase warrant. Each warrant will entitle the holder to acquire an additional common share of the company for a period of 24 months from the date of issue at a price of 15 cents per common share.
The net proceeds from this private placement will be used for Corex's Santana project and for general working capital purposes. The proposed financing is subject to the approval of the TSX Venture Exchange. All securities issued pursuant to the offering will be subject to a statutory four-month hold period under applicable securities laws. Finders' fees in cash or warrants may be payable in accordance with the policies of the exchange.