Geologix To Carry Out $1 Million Private Placement
Geologix Explorations Inc. announced today that it intends to carry out a private placement of up to 10 million common shares at a price of $0.10 per share for aggregate gross proceeds of up to $1,000,000. Geologix may increase the size of the placement if warranted and priority in the placement will be given to existing shareholders. Eligible finders will be paid a 5% cash fee.