Cap-Ex Iron Ore Enters Into Agreements to Seek Strategic Partners for Block 103

Base Metals Investing

Cap-Ex Iron Ore Ltd. (TSXV:CEV,FWB:X0V,OTCQX:CPXVF) entered into two additional non-exclusive agreements to find strategic partners or investors for its Block 103 project. The Company entered into an agreement with Intercedent Limited and Pridolian Limited.

As quoted in the press release:

Both Intercedent and Pridolian (collectively, the “Finders”) are to provide services in finding an interested party or parties who wish to complete equity financing, debt financing, off-take or acquisition agreements (collectively, a “Transaction”) with the Company.
The Company also wishes to announce that it has entered into an agreement (the “Agreement”) with an arm’s length party whereby it is settling a total of $135,000 in debts and obligations in exchange for the issuance of 1,000,000 shares (the “Shares”). The Shares will carry a four month Exchange hold period from their date of issue. The Agreement is subject to its filing with the Exchange.

Cap-Ex Iron Ore Ltd. CEO, Graham Harris, said:

Through these agreements, we are establishing a network that allows us to introduce Cap-Ex to some of the largest and most strategic iron ore companies and investors worldwide. To date, we have received over 60 expressions of interest from parties who are awaiting the release of our preliminary economic assessment of the Block 103 project, expected shortly.