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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 | - |
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 Month SGX Resources Inc. Chart |
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