By Devika Patel
Knoxville, Tenn., Dec. 7 - Merrex Gold Inc. announced it will raise C$3 million in a private placement of shares.
The company will sell up to 4,615,385 flow-through common shares at C$0.65 each.
Blackmont Capital Inc. will be the agent for the deal and will be paid a 7% cash fee and broker's warrants to purchase a number of common shares equal to 7% of the number of shares sold at C$0.60 per share for two years.
Proceeds will be used for exploration.
Based in Halifax, N.S., Merrex Gold is a mineral resource exploration exploring for gold, zinc and nickel.
| Issuer: | Merrex Gold Inc.
|
| Issue: | Flow-through common shares
|
| Amount: | C$3 million
|
| Shares: | 4,615,385
|
| Price: | C$0.65
|
| Warrants: | No
|
| Agent: | Blackmont Capital Inc.
|
| Fees: | 7% in cash and warrants
|
| Pricing date: | Dec. 6
|
| Stock symbol: | TSX Venture: MXI
|
| Stock price: | C$0.60 at close Dec. 6
|
© 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.
