NU E Power Corp. press release
Metalex closes private placement
CSE - Canadian National Stock Exchange · Canada
LOWNA, BC, June 26 /CNW/ - METALEX VENTURES LTD. ("MTX"-TSX.V) (the "Company") - The Company is please to announce that it has closed a further non-brokered private placement for gross proceeds of $4,182,010. The offering consisted of 4,551,200 flow-through shares and 1,423,100 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 June 19, 2007. All securities are subject to a hold period expiring on October 20, 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, 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.
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