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Atex Resources Inc V.ATX

Alternate Symbol(s):  ECRTF

Metals & Mining Gold
ATEX Resources Inc. is exploring the Valeriano Copper Gold Project which is located within the emerging copper gold porphyry mineral belt linking the prolific El Indio High-Sulphidation Belt to the south with the Maricunga Gold Porphyry Belt to the north. This emerging belt, informally referred to as the Link Belt, hosts several copper gold porphyry deposits at various stages of development. The Valeriano Project, located about 125 kilometers (km) southeast of the City of Vallenar, Atacama Region, northern Chile, sits adjacent to the southern border of the El Encierro Project. The elevation at the project varies between 3,800 to 4,400 meters above sea level. The Project’s eastern and southern boundaries are formed by the Chilean border with Argentina and the concessions fall entirely within Chile. The Valeriano Project hosts a large copper gold porphyry deposit, below a near surface oxidized epithermal gold deposit that extends from the surface to a depth of 100 meters.


TSXV:ATX - Post by User

Atex Resources Inc
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Post by Betteryear2on Jul 12, 2023 4:18pm
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Post# 35538096

ATEX Announces US$15 Million Credit Facility

ATEX Announces US$15 Million Credit Facility Toronto, Ontario--(Newsfile Corp. - July 12, 2023) - ATEX Resources Inc. (TSXV: ATX) ("ATEX" or the "Company") is pleased to announce that it has entered into a credit agreement (the "Credit Agreement") for the establishment of a US$15 million unsecured credit facility (the "Facility") from a group led by existing strategic shareholders Firelight Investments LLC ("Firelight") a company controlled by Pierre Lassonde (an insider of the Company), Beedie Investments Ltd. ("Beedie") and other arm's length parties (collectively with Firelight and Beedie, the "Lenders"). The Facility will provide ATEX additional financial flexibility to fund the Company's ongoing work programs and provide general working capital.

ATEX Announces US$15 Million Credit Facility with Strategic Shareholders (newsfilecorp.com)
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