Corex Gold nixes plans for C$5.1 million private placement of units

Company: Diamond drill program at Santana Property won't be affected

By Devika Patel

Knoxville, Tenn., March 15 - Corex Gold Corp. said it canceled a private placement of units it had priced March 7. The deal would have raised C$5.1 million with a C$960,000 greenshoe.

The company is drilling and said it does not expect its Santana Property diamond drill program will be impacted by this news.

The gold and diamond mining company is based in Vancouver, B.C.

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