Adex Closes $4.8 Million Private Placement With Great Harvest

Adex Mining Inc. (TSXV:ADE) reports that the company has closed the first phase of the transactions of the subscription agreement with Great Harvest Canadian Investment Company Limited, made as of the 18th day of August, 2010.

The press release is quoted as saying:

This first phase was a private placement (the “Private Placement”) to Great Harvest of 40,000,000 units (the “Units”) at a price of $0.12 per unit, with each Unit consisting of one common share (a “Common Share”) of Adex and one Common Share purchase warrant (a “Series A Warrant”), raising gross proceeds of $4.8 million.

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