By Sheri Kasprzak
New York, April 20 - International Arimex Resources Inc. said it has negotiated a C$1 million private placement of flow-through and non flow-through units.
The non-brokered deal includes up to 2.8 million non flow-through units at C$0.25 each and up to 1.2 million flow-through units at C$0.25 each.
Each non flow-through unit includes one share and one warrant. The warrants are exercisable at C$0.30 each for one year.
The flow-through units consist of one share and one warrant with each warrant exercisable at C$0.30 for one year.
The proceeds from the offering will be used for Canadian exploration expenditures, as well as for working capital.
Based in Vancouver, B.C., International Arimex is a uranium, gold, copper and silver exploration company.
| Issuer: | International Arimex Resources Inc.
|
| Issue: | Flow-through and non flow-through units of one share and one warrant
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| Amount: | C$1 million (maximum)
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| Placement agent: | Non-brokered
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| Pricing date: | April 19
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| Stock symbol: | TSX Venture: IEA
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| Stock price: | C$0.325 at close April 19
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|
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| Non flow-through units
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| Units: | 2.8 million (maximum)
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| Price: | C$0.25
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| Warrants: | One warrant per unit
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| Warrant expiration: | One year
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| Warrant strike price: | C$0.30
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|
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| Flow-through units
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| Units: | 1.2 million (maximum)
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| Price: | C$0.25
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| Warrants: | One warrant per unit
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| Warrant expiration: | One year
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| Warrant strike price: | C$0.30
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