Price is 2.7% discount to company’s closing share price on March 14
By Angela McDaniels
Tacoma, Wash., March 15 – NGEx Resources Inc. plans to sell up to C$2.92 million of common shares in a non-brokered private placement.
The company will sell up to 4 million shares for C$0.73 each, according to a company news release.
The price is a 2.7% discount to the company’s C$0.75 closing share price on March 14.
A 2.5% finders' fee may be payable on all or a portion of the placement.
Proceeds will be used for ongoing work programs in Chile and Argentina and for general corporate purposes.
NGEx Resources is a Vancouver, B.C.-based mineral exploration company.
| Issuer: | NGEx Resources Inc.
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| Issue: | Common shares
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| Amount: | Up to C$2.92 million
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| Shares: | Up to 4 million
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| Price: | C$0.73
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| Warrants: | No
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| Agent: | Non-brokered
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| Pricing date: | March 15
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| Stock symbol: | Toronto: NGQ
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| Stock price: | C$0.75
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| Market capitalization: | C$133.28 million
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