Published on 8/24/2009 in the Prospect News PIPE Daily.
New Issue: Tirex seals C$3.11 million oversubscribed private placement of shares
By Devika Patel
Knoxville, Tenn., Aug. 24 - Tirex Resources Ltd. said it raised C$3.11 million in a private placement of stock. The oversubscribed deal priced for C$3.01 million on July 30.
The company sold 4,440,400 common shares at C$0.70 per share.
Proceeds will be used for drilling.
Tirex is a resource exploration and development company based in Vancouver, B.C.
| Issuer: | Tirex Resources Ltd.
|
| Issue: | Common stock
|
| Amount: | C$3,108,280
|
| Shares: | 4,440,400
|
| Price: | C$0.70
|
| Warrants: | No
|
| Pricing date: | July 30
|
| Settlement date: | Aug. 24
|
| Stock symbol: | TSX Venture: TXX
|
| Stock price: | C$0.80 at close July 30
|
| Market capitalization: | C$31.6 million
|
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