By Devika Patel
Knoxville, Tenn., Dec. 24 - Geodex Minerals Ltd. said it settled a C$1 million non-brokered private placement of flow-through common shares with the MineralFields Group.
The company sold 5 million flow-through common shares at C$0.20 per share.
Proceeds will be used for exploration and development.
Vancouver, B.C.-based Geodex is in the process of exploring its mineral properties and has not yet determined whether the properties contain ore reserves that are economically recoverable.
| Issuer: | Geodex Minerals Ltd.
|
| Issue: | Flow-through common shares
|
| Amount: | C$1 million
|
| Shares: | 5 million
|
| Price: | C$0.20
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Investor: | MineralFields Group
|
| Settlement date: | Dec. 24
|
| Stock symbol: | TSX Venture: GXM
|
| Stock price: | C$0.22 at close Dec. 23
|
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