By Devika Patel
Knoxville, Tenn., Jan. 8 - Tirex Resources Ltd. said it raised C$3.01 million in the first tranche of a non-brokered private placement of shares. The deal priced for C$5.5 million on Dec. 5.
In this tranche, Tirex sold 1,095,455 common shares.
The company intends to sell a total of 2 million shares at C$2.75 each. No warrants will be issued.
Tirex paid C$180,750 in finder's fees for this tranche.
Proceeds will be used for working capital.
Tirex is a resource exploration and development company based in Vancouver, B.C.
| Issuer: | Tirex Resources Ltd.
|
| Issue: | Common shares
|
| Amount: | C$5.5 million
|
| Shares: | 2 million
|
| Price: | C$2.75
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Fees: | C$180,750 (Jan. 8)
|
| Pricing date: | Dec. 5
|
| Settlement date: | Jan. 8 (for C$3,012,500)
|
| Stock symbol: | TSX Venture: TXX
|
| Stock price: | C$3.22 at close Dec. 5
|
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