New Issue: Samex to sell C$1.54 million of units in private placement

By Devika Patel

Knoxville, Tenn., March 28 - Samex Mining Corp. said it has negotiated a C$1.54 million private placement of units.

The company will sell 2,565,000 units of one share and one half-share warrant at C$0.60 per unit. Each whole warrant will be exercisable at C$0.70 for three years.

Proceeds will be used for expenditures on the company's mineral properties and for general working capital.

Based in Abbotsford, B.C., Samex is a mineral exploration company.

Issuer:	Samex Mining Corp.
Issue:	Units of one share and one half-share warrant
Amount:	C$1,539,000
Units:	2,565,000
Price:	C$0.60
Warrants:	One half-share warrant per unit
Warrant expiration:	Three years
Warrant strike price:	C$0.70
Pricing date:	March 28
Stock symbol:	TSX Venture: SXG
Stock price:	C$0.64 at close March 27

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