Prominex Closes Flow-Through Financing
28 11월 2011 - 7:14AM
Marketwired
Prominex Resource Corp. (TSX VENTURE:PXR) announced today that due
to the early conclusion of its Tulks Hill exploration program (see
news release dated November 27th, 2011), it has closed the
non-brokered private placement of up to 11,000,000 flow through
units (Units) at C$0.05 per unit; (see news release of August 16th,
2011).
On October 19th, 2011, in a first tranche closing, the Company
did issue 4,000,000 units for proceeds of $200,000. Each unit
consists of one flow through common share (Common Share) and one
full flow through common share purchase warrant (Warrant). Each
warrant will be exercisable at C$0.10 into one flow through common
share for a period of 12 months from the Closing date. The shares
issued have a hold period for four (4) months and one (1) day and
become free trading on Feb. 21, 2012.
The Company currently has 62,320,890 shares issued and
outstanding and on a fully diluted basis, including 12,955,000
financing warrants exercisable at $0.10 and 3,700,000 directors
stock options exercisable at $0.10 there would be 78,975,890 shares
issued and outstanding.
The proceeds from the financing were used to continue
exploration at the Tulks Hill property located in central
Newfoundland (See news release of August 12th and November 27th,
2011).
ON BEHALF OF THE BOARD
Gordon Barron, President and CEO
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Contacts: Prominex Resource Corp. Gordon Barron President and
CEO 1.604.566.1094www.prominex.ca
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