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Bullboard - Stock Discussion Forum Orex Exploration Inc. V.OX

"Orex Exploration Inc is engaged in the exploration of gold mining sites located in Nova Scotia, Canada. The Company owns goldboro project in Guysborough County, Nova Scotia."

TSXV:OX - Post Discussion

View:
Post by 110158 on Oct 18, 2016 7:19pm

News

 

Orex Exploration 30-million-share private placement

 

2016-10-18 18:57 ET - Private Placement

 

The TSX Venture Exchange has accepted for filing the documentation with respect to a non-brokered private placement as announced on Sept. 6, 2016.

 

Number of shares:  30 million common shares

Purchase price:  five cents per common share

Warrants:  30 million warrants to purchase 30 million common shares

Warrants exercise price:  six cents during the 60-month period following the closing of the private placement

Number of placees:  28 placees

Insiders:  Jacques Levesque, one million; Marcel Faucher, 400,000; Claude Poulin, 200,000

Finders' fees:  Finders collectively received $32,100 in cash and 600,000 units of the private placement.

 

The company has confirmed the closing of the above-mentioned private placement by way of news releases dated Sept. 15, 2016, and Oct. 11, 2016.

 
Comment by thearab on Oct 26, 2016 9:16am
Good to see Jacques picked up another million hope he paid the asking price.
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