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Published on 9/21/2007 in the Prospect News PIPE Daily.

Norex cancels C$15 million unit offering, acquisition of South American Exploration

By Devika Patel

Knoxville, Tenn., Sept. 21 - Norex Exploration Services Inc. announced that it has canceled a previously announced C$15,000,300 private placement of units. The deal was announced Sept. 7.

The cancellation is a result of the company's decision not to acquire South American Exploration LLC.

Calgary, Alta.-based Norex provides two-dimensional and three-dimensional seismic data services to the mineral exploration sector.


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