Goldex Resources Corporation - Completion of Brokered Private Placement

2005-04-20

TSX - Toronto Stock Exchange · Gold · Copper · Silver · Uranium · Canada

Trading Symbol: GDX

VANCOUVER, April 18 /CNW/ - The Company wishes to announce that it has completed a private placement of 4,500,000 Units being comprised of one (1) Common Share and one (1) share purchase warrant which entitles the holder to purchase an additional Common Share of the Issuer up to the close of business in Vancouver, British Columbia on April 18, 2007 at a price of $.30. The Company has received the sum of $828,000.00 as net proceeds of the private placement after deduction of expenses. The shares forming part of the Units or which may be exercised upon exercise of the warrants forming part of the units will be subject to a hold period expiring on August 19, 2005. A cash Finders fee totaling 8% of the placement and broker's options totaling 10% of the placement, exerciseable on the same terms and conditions as the Share Purchase Warrants described above as part of the Units, has been paid for securing subscriptions from Placees under the Placement. Proceeds of the private placement will be used to continue work on the Company's Guatemala project and general working capital. The net proceeds of the private placement will be used for general working capital.

ON BEHALF OF THE BOARD OF DIRECTORS

"Charles Ross" Charles Ross, Director & Secretary

The TSX Venture Exchange has neither approved nor disapproved the contents hereof.