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PXR

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0.00 (0.00%)
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. Closes Financing at $320,550

09/04/2013 12:00pm

Marketwired Canada


Prominex Resource Corp. (the "Company" or "Prominex") (TSX VENTURE:PXR) - The
Company has closed the private placement announced on April 5th, 2013. Prominex
placed 21,370,000 Units priced at $0.015 for net proceeds of $320,550. 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. All values are in Canadian dollars unless otherwise
specified. No fees or commissions were incurred.  


The Company will use the proceeds from the transaction to satisfy current
liabilities and for general working capital and to further exploration efforts
at the Tulks Hill and Lake Bond base metal properties located in central
Newfoundland. 


The private placement 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.  


Upon the necessary approvals the Company would have 83,690,890 shares issued and
outstanding. On a fully diluted basis there would be 109,961,780 shares issued
and outstanding. This figure includes 21,370,000 warrants from this private
placement and 4,900,000 share purchase options granted to directors.


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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