By Devika Patel
Knoxville, Tenn., Dec. 16 - NGEx Resources Inc. said it has once again increased a non-brokered private placement of stock, this time to C$8.7 million from C$7.7 million. The deal priced Dec. 1 and was increased from C$7 million on Dec. 4.
The company will now sell 12.43 million common shares at C$0.70 per share.
Proceeds will be used for exploration programs as well as general working capital purposes.
Vancouver, B.C.-based NGEx is a multi-commodity exploration company.
| Issuer: | NGEx Resources Inc.
|
| Issue: | Common shares
|
| Amount: | C$8,701,000
|
| Shares: | 12.43 million
|
| Price: | C$0.70
|
| Warrants: | No
|
| Agents: | Non-brokered
|
| Pricing date: | Dec. 1
|
| Upsized: | Dec. 4, Dec. 16
|
| Stock symbol: | Toronto: NGQ
|
| Stock price: | C$0.72 at close Nov. 30
|
| Market capitalization: | C$94 million
|
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