Deal sells 10 million shares at C$3.40 to fund ongoing work program
By Devika Patel
Knoxville, Tenn., Jan. 14 - NGEx Resources Inc. said plans a C$34 million non-brokered private placement of stock.
The company will sell 10 million common shares at C$3.40 per share. The price per share is a 2.1% premium to C$3.33, the Jan. 11 closing share price.
Proceeds will be used toward the company's ongoing work program in Chile and Argentina as well as for general working capital purposes.
Vancouver, B.C.-based NGEx is a multi-commodity exploration company.
| Issuer: | NGEx Resources Inc.
|
| Issue: | Common shares
|
| Amount: | C$34 million
|
| Shares: | 10 million
|
| Price: | C$3.40
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | Jan. 14
|
| Stock symbol: | Toronto: NGQ
|
| Stock price: | C$3.33 at close Jan. 11
|
| Market capitalization: | C$535.65 million
|
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