Corex Announces Non-Brokered Private Placement for up to 3,333,333 Units
Corex Gold Corp. is pleased to announce a non-brokered private placement of up to 3,333,333 units at a price of $0.30 per unit, for aggregate gross proceeds of up to CDN $1,000,000. Each unit will consist of one common share and one half warrant, exercisable by the holder to acquire one additional common share at a price of $0.45 for 12 months from Closing. The warrants are subject to an accelerated expiry which comes into effect once the shares trade above a weighted average price of $0.50 for any twenty consecutive trading-day period, subsequent to four months from Closing. In the event of an accelerated expiry, the expiry date will be the earlier of the regular two year expiry date and 30 days from the date the Company advises the placees of the accelerated expiry. The Private Placement and payment of any finder’s fee are subject to acceptance by the TSX Venture Exchange.