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PXR

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Share Name Share Symbol Market Type
TSXV:PXR TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Prominex Resource Corp. Announces $350,000 Financing

05/04/2013 9:13pm

Marketwired Canada


Prominex Resource Corp. (TSX VENTURE:PXR) (the "Company" or "Prominex") has
cancelled the private placement announced on November 8, 2012. The Company is
offering 23,333,333 Units at $0.015 for gross proceeds of up to $350,000.00 (the
"Private Placement"). Each Unit comprises one common share and one full share
purchase warrant. Each warrant is exercisable into one common share for a period
of 12 months from closing at a price of $0.05 per share.


The Company is offering the private placement under the "Relief Measures"
implemented by the TSX Venture Exchange on August 17, 2012 and as amended and
extended on December 12, 2012 to April 30, 2013.


All values are in Canadian dollars unless otherwise specified. The Offering is
subject to the receipt of all necessary approvals of the TSX Venture Exchange,
completion of definitive documentation and the receipt of all necessary third
party approvals.


Prominex intends to use the 100% of the proceeds from the transaction, to
satisfy current liabilities and to further exploration programs at the Tulks
Hill and Lake Bond properties located in central Newfoundland, and for general
working capital.


ON BEHALF OF THE BOARD

Gordon Barron, President and CEO

FOR FURTHER INFORMATION PLEASE CONTACT: 
Prominex Resource Corp.
Gordon Barron
President and CEO
1.604.566.1094
www.prominex.ca

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