Prominex Resources Cancels Private Placement

Prominex Resource Corp.(TSXV:PXR) announced cancelling its previously announced private placement. The Company came to this decision due to current market conditions.

As quoted in the press release:

The Company has completed the exploration expenditures required at the Lake Bond property to earn its 100% interest, however, the Company is required to file an assessment report with the Department of Mines in St. John’s NL by September 30th, 2012. The Company will release results from this program once they have been received and verified. The required report will then be filed with the Department of Mines.

Click here to read the Prominex Resource Corp. (TSXV:PXR) press release