By Sheri Kasprzak
Atlanta, July 5 - Temex Resources Corp. said it plans to raise up to C$1,024,000 in a private placement.
The non-brokered offering includes up to 3.2 million flow-through shares at C$0.22 each and up to 1.6 million units at C$0.20 each.
The units are comprised of one share and one half-share warrant. The whole warrants provide for the purchase of an additional share at C$0.30 each for two years.
The Toronto-based Temex is a gold exploration company. The proceeds will be used for exploration on the Timmins gold project and for working capital.
| Issuer: | Temex Resources Corp.
|
| Issue: | Flow-through shares; units of one share and one half-share warrant
|
| Amount: | C$1,024,000 (maximum)
|
| Pricing date: | July 4
|
| Stock price: | C$0.20 at close July 4
|
|
|
| Flow-through shares
|
| Issue: | Flow-through common shares
|
| Shares: | 3.2 million (maximum)
|
| Price: | C$0.22
|
| Warrants: | No
|
|
|
| Units
|
| Issue: | Units of one share and one half-share warrant
|
| Units: | 1.6 million
|
| Price: | C$0.20
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.30
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
