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Published on 3/18/2010 in the Prospect News PIPE Daily.

New Issue: Tirex sells C$1 million of stock in fully subscribed private placement

By Devika Patel

Knoxville, Tenn., March 18 - Tirex Resources Ltd. said it completed a C$1 million fully subscribed private placement of stock. The deal priced March 12.

The company sold 4 million shares at C$0.25 per share.

Tirex is a resource exploration and development company based in Vancouver, B.C.

Issuer:Tirex Resources Ltd.
Issue:Shares
Amount:C$1 million
Shares:4 million
Price:C$0.25
Warrants:No
Pricing date:March 12
Settlement date:March 18
Stock symbol:TSX Venture: TXX
Stock price:C$0.40 at close March 12
Market capitalization:C$17.2 million

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