By Sheri Kasprzak
Atlanta, Nov. 30 - Corex Gold Corp. said Tuesday it will raise C$1.3 million in a private placement.
The company will sell up to 2,166,666 units at C$0.60 each. The units consist of one share and one half-share warrant.
The warrants allow for an additional share at C$0.75 each for one year.
Based in Vancouver, B.C., Corex is a gold exploration and development company.
| Issuer: | Corex Gold Corp.
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| Issue: | Units of one share and one half-share warrant
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| Amount: | C$1.3 million
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| Shares: | 2,166,666 units
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| Price: | C$0.60
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| Warrants: | One half-share warrant per unit
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| Warrant expiration: | One year
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| Warrant strike price: | C$0.75
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| Announcement date: | Nov. 30
|
| Stock price: | C$0.79 at close Nov. 30
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