New Issue: RX Exploration pockets C$2.05 million from private placement of units

By Devika Patel

Knoxville, Tenn., Nov. 6 - RX Exploration Inc. said it completed a C$2.05 million private placement of units.

The company sold 10,259,000 units at C$0.20 apiece. Each unit consists of one common share and one warrant. Each warrant will be exercisable at C$0.40 for two years.

Proceeds will be used for exploration and development on the Drumlummon Mine, general administrative expenses and working capital.

RX is a mining company based in Toronto.

Issuer:	RX Exploration Inc.
Issue:	Units of one common share and one warrant
Amount:	C$2,051,800
Units:	10,259,000
Price:	C$0.20
Warrants:	One warrant per unit
Warrant expiration:	Two years
Warrant strike price:	C$0.40
Settlement date:	Nov. 6
Stock symbol:	CNQ: RXE
Stock price:	C$0.32 at close Nov. 6

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