Cap-Ex Iron Ore Closes $2,073,000 Non-Brokered Private Placement

Base Metals Investing

Cap-Ex Iron Ore Ltd. (TSXV:CEV,FWB:XOV,OTCQX:CPXVF) has closed a private placement of 20,730,000 units at a price of $0.10 per Unit for proceeds of $2,073,000.

As quoted in the press release:

Each Unit is comprised of one common share (the “Shares”) and one share purchase warrant (the “Warrants”). Each Warrant entitles the holder to purchase one common share (the “Warrant Shares”) of the Company at an exercise price of $0.20 for a period of 24 months from the date of issue.

Click here to read the Cap-Ex Iron Ore Ltd. (TSXV:CEV,FWB:XOV,OTCQX:CPXVF) press release