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SXR Sgx Resources (delisted)

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Share Name Share Symbol Market Type
Sgx Resources (delisted) TSXV:SXR 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 -

SGX Resources Announces Private Placement Offering of Units

02/06/2014 9:00pm

Marketwired Canada


THIS PRESS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR
DISTRIBUTION TO U.S. NEWS WIRE SERVICES


Dale Ginn, Chief Executive Officer of SGX Resources Inc. (the "Company") (TSX
VENTURE:SXR), today announced an offering of up to 50,000,000 units of the
Company ("Units") at a price of $0.05 per Unit for aggregate gross proceeds of
up to $2,500,000. Each Unit consists of one common share (a "Common Share") of
the Company issued as a "flow-through share" within the meaning of the Income
Tax Act (Canada) (a "Flow-Through Share") and one-half of one non-flow-through
Common Share purchase warrant (a "Warrant"). Each whole Warrant is exercisable
into one Common Share at a price of $0.10 for a period of three years from the
date of issuance. If at any time after four months following the issuance of the
Warrants the closing price of the Common Shares is $0.15 or more for a period of
ten consecutive trading days, the Company will have the right to call the
Warrants and holders of Warrants shall have 30 days to exercise their Warrants
or the Warrants shall expire.


The gross proceeds from the sale of the Units are anticipated to be used for
Canadian exploration expenses.


All securities issued will be subject to a four-month hold period. The offering
is subject to a number of conditions, including, without limitation, receipt of
all regulatory approvals.


A copy of this press release will be made available on the Company's website and
will be filed with SEDAR. 


NOTE: The information in this release may contain forward-looking information
under applicable securities laws. This forward-looking information is subject to
known and unknown risks, uncertainties and other factors that may cause actual
results to differ materially from those implied in the forward-looking
information. 


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of the contents of this News
Release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
SGX Resources Inc.
Dale Ginn
CEO
(204) 794-5818


SGX Resources Inc.
Investor Relations
1-888-749-4621
www.sgxresources.com

1 Year SGX Resources Inc. Chart

1 Year SGX Resources Inc. Chart

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