Solex Resources Corp. announces closing of private placement

Solex Resources reports the closing of the private placement referred to in the press release dated March 2nd for total proceeds of C$750,000.

A total of 9,375,000 units priced at C$0.08 were issued. Each unit comprised one common share and one full share purchase warrant. Each full share purchase warrant entitles the holder to purchase, for a period of 18 months from the closing of the private placement, one common share at a price of C$0.15 per share. The proceeds will be used to advance the exploration and development of Solex’s uranium projects in the Macusani Plateau region of Peru and for general corporate purposes. The underlying shares will be escrowed for a period of 4 months and one day according to the policies of the TSX Venture Exchange.

For complete press release, click here.