By Sheri Kasprzak
New York, Jan. 25 - Fieldex Exploration Inc. said it intends to raise up to C$2 million in a private placement.
The offering includes up to 2,666,667 units at C$0.75 apiece.
The units are comprised of one share and one warrant. The warrants allow for the purchase of another share at C$1.00 each for two years.
The deal is slated to close on Feb. 3.
PowerOne Capital Markets Ltd. is the placement agent.
Proceeds will be used for exploration on the company's properties in Quebec and for general corporate purposes.
Based in Rouyn-Noranda, Quebec, Fieldex is a mineral exploration company.
| Issuer: | Fieldex Exploration Inc.
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| Issue: | Units of one share and one warrant
|
| Amount: | C$2 million (maximum)
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| Units: | 2,666,667 (maximum)
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| Price: | C$0.75
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| Warrants: | One warrant per unit
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| Warrant expiration: | Two years
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| Warrant strike price: | C$1.00
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| Placement agent: | PowerOne Capital Markets Ltd.
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| Pricing date: | Jan. 25
|
| Settlement date: | Feb. 3
|
| Stock symbol: | TSX Venture: FLX
|
| Stock price: | C$0.80 at close Jan. 24
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