Kodiak Copper Corp. press release
Metalex Ventures Ltd. - Private Placement, April 28, 2006
TSXV - TSX Venture Exchange · Copper · Gold · Silver · Molybdenum · Lead · Zinc · Diamond · Canada
LOWNA, BC, May 2 /CNW/ - METALEX VENTURES LTD. ("MTX"-TSX.V) (the "Company"). The Company is pleased to announce that on April 28, 2006, subject to final TSX Venture Exchange approval, it has closed its previously-announced non-brokered private placement for gross proceeds of $12,991,899.20. The offering consisted of 10,570,571 flow-through shares and 7,987,285 non flow-through units, both securities priced at $0.70 per security, with each unit comprised of one common share and one-half of one share purchase warrant and each whole warrant exercisable for the purchase of one common share of the Company at a price of $0.88 per share until April 28, 2007. All securities are subject to a hold period expiring on August 29, 2006. The Company has agreed to pay certain finder's fees in accordance with the policies of the TSX Venture Exchange. Proceeds from the private placement will be used to advance the bulk sampling of T1 and exploration in Ontario and Quebec as well as exploration in Angola and other overseas projects.
ON BEHALF OF THE BOARD OF DIRECTORS
"Peter Gregory"
Peter Gregory, President METALEX VENTURES LTD.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents herein.