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NGEx Resources Completes $2.92 Million Private Placement
Mar. 23, 2016 09:21AM PST
Base Metals Investing NGEx Resources (TSX:NGQ) has closed its previously announced private placement for gross proceeds of approximately $2.92 million.
NGEx Resources (TSX:NGQ) has closed its previously announced private placement for gross proceeds of approximately $2.92 million.
As quoted in the press release:
The Company sold an aggregate of 4,000,000 common shares (the “Common Shares”) at a price of CAD $0.73 per Common Share for gross proceeds of CAD $2.92 million on a non-brokered private placement basis to international investors (the “Private Placement”). A 2.5% finders’ fee is payable on all of the Private Placement.
Net proceeds of the Private Placement will be used towards ongoing work programs in Chile and Argentina as well as for general corporate purposes.
Click here for the full press release.