Tiex Inc V.TIX

Tiex raises $1,035,000.00

[nopoo]

Tiex completes $170,000 final tranche

2011-01-04 12:07 PT - News Release


Mr. Ernest Bergvinson reports

TIEX CLOSES $1,035,000 PRIVATE PLACEMENT

Effective on Dec. 31,2010, Tiex Inc. closed the second and final tranche of the non-brokered private placement first announced in Stockwatch on Nov. 8, 2010, and as amended by news releases in Stockwatch on Dec. 18, 2010, to announce an increase in the size of the offering, and December 23, 2010, to announce the closing of the first tranche of the increased offering. The entire private placement consisted of the sale of 5,312,500 common share units at 10 cents per unit ($531,250) and 4.03 million flow-through units at 12.5 cents per flow-through unit ($503,750) for gross proceeds to the company of $1,035,000. The second tranche closing consisted of the sale of 1.7 million units ($170,000).

Each unit and each flow-through unit consists of one common share (each a "Share") and one half of a common share purchase warrant (each full warrant a "Warrant"). Each Warrant included in the units will entitle the holder to purchase one additional Share for
.15 and each Warrant included in the flow-through units will entitle the holder to purchase one additional Share for
.20. All of the Warrants are exercisable for a period of twelve months from the closing date.

In connection with the Second Tranche Closing, the Company paid a finder's fee of 35,000 units. The Shares and any Shares issuable upon the exercise of the Warrants issued pursuant to the Second Tranche Closing are subject to a four month hold period expiring on May 1, 2011. The TSX Venture Exchange has conditionally approved the closing of the Private Placement, subject to the filing of final documents

The net proceeds of the Private Placement will be used by Tiex to fund expenditures on the Cariboo Goldfields Project, located in central British Columbia and for general working capital purposes

[TSXPLAYER1]

Sounds like good news now that the final tranche has been closed & the company has money going forward. Good luck gang.

[nopoo]

Recognize anybody?ttfnnopooTiex 5,312,500-NFT-, 4.03-million-FT-share financing2011-01-11 17:27 PT - Private PlacementThe TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement for Tiex Inc. announced Nov. 8, 2010: Number of shares: 5,312,500 non-flow-through shares; 4.03 million flow-through shares Purchase price: 10 cents per non-flow-through

[oldschool5]

     In reference to your sly comment about recognizing anyone in the financing. I see ernie     bought 500,000 shares at .10 cents. All that tells me nopoo is that he took his bogus     $50,000 dollar advanced net smelter return ???  he's worked in the deal and is buying     cheap stock to cash in again