By Sheri Kasprzak
Atlanta, March 11 - Metalex Ventures Ltd. said it plans to raise up to C$3 million in a non-brokered private placement.
The company plans to sell 3 million shares at C$1.00 each.
Based in Kelowna, B.C., Metalex is a diamond mining and exploration company. It plans to use the proceeds to advance its exploration projects.
| Issuer: | Metalex Ventures Ltd.
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| Issue: | Stock
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| Amount: | C$3 million (maximum)
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| Shares: | 3 million (maximum)
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| Price: | C$1.00
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| Warrants: | No
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| Pricing date: | March 11
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| Stock price: | C$0.90 at close March 11
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