Funds for development of El Pato, La Chorrera, El Arco properties
By Devika Patel
Knoxville, Tenn., Jan. 4 - Goldex Resources Corp. said it settled a C$1.53 million non-brokered private placement of units on Jan. 3. The deal priced for C$1.5 million on Nov. 14.
The company sold 30.65 million units of one common share and one warrant at C$0.05 apiece Each warrant will be exercisable at C$0.10 for one year. The strike price reflects an 81.82% premium to the Nov. 10 closing share price of C$0.055.
The company paid finders' fees to Haywood Securities Inc., Leede Financial Markets Inc., Macquarie Private Wealth Inc., Northern Securities Inc. and PI Financial Corp.
Proceeds will be used for development of Goldex's El Pato, La Chorrera and El Arco properties and for general working capital.
Goldex is a gold exploration company based in Vancouver, B.C.
| Issuer: | Goldex Resources Corp.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$1,532,500
|
| Units: | 30.65 million
|
| Price: | C$0.05
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.10
|
| Agent: | Non-brokered
|
| Pricing date: | Nov. 14
|
| Settlement date: | Jan. 3
|
| Stock symbol: | TSX Venture: GDX
|
| Stock price: | C$0.055 at close Nov. 10
|
| Market capitalization: | C$7.24 million
|
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