Proceeds slated for work programs in Chile and Argentina, general funds
By Susanna Moon
Chicago, Jan. 27 – NGEx Resources Inc. priced its private placement of stock at about C$8 million, according to a company news release. Proceeds will be used for work programs in Chile and Argentina as well as for general corporate purposes.
The company will sell 13.4 million common shares at about C$0.60 per share, which is equal to the company’s closing share price on Jan. 26.
Vancouver, B.C.-based NGEx is a multi-commodity exploration company.
| Issuer: | NGEx Resources Inc.
|
| Issue: | Common shares
|
| Amount: | C$8 million
|
| Shares: | 13.4 million
|
| Price: | C$0.60
|
| Warrants: | No
|
| Pricing date: | Jan. 27
|
| Settlement date: | Feb. 19
|
| Stock symbol: | Toronto: NGQ
|
| Stock price: | C$0.60 at close Jan. 26
|
| Market capitalization: | C$112.63 million
|
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