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TTX Tantalex Lithium Resources Corporation

0.02
0.00 (0.00%)
24 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Tantalex Lithium Resources Corporation CSE:TTX CSE 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% 0.02 0.015 0.025 0 09:50:10

Tantalex Resources Corporation Announces Second Closing of Non-Brokered Private Placement

11/03/2014 1:01pm

Marketwired Canada


NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE
SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN.


Tantalex Resources Corporation (CSE:TTX) ("Tantalex"), is pleased to announce
that it has completed a second closing of its non-brokered private placement
financing by issuing 1,500,000 common share units ("Units") at a price of $0.10
per Unit for gross proceeds of $150,000. Each Unit consists of one common share
in the capital of Tantalex (a "Common Share") and one-half of one common share
purchase warrant (a "Warrant") of Tantalex. Each whole Warrant entitles the
holder thereof to acquire one Common Share at an exercise price of $0.15 per
Common Share up to the date that is twenty-four (24) months from closing. All
securities issued pursuant to the financing are subject to a four-month hold
period.


The net proceeds will be used by Tantalex for general corporate purposes and
working capital.


Including the issuance of shares detailed in this news release, there are
currently 36,400,564 Common Shares issued and outstanding.


In connection with the financing, the Company paid cash commissions of $12,000,
and issued compensation warrants to purchase 120,000 Common Shares at an
exercise price of $0.10 per Common Share exercisable for a period of twenty-four
(24) months from closing.


The total amount raised by Tantalex pursuant to the non-brokered financing is
now $255,000 through the issuance of 2,550,000 Units.


About Tantalex Resources Corporation

Tantalex is a mining exploration and development company engaged in the
acquisition, exploration and development of Tantalum and Niobium properties in
Africa. Tantalex has its main business office in Montreal, Quebec.


This press release does not constitute and the subject matter hereof is not, an
offer for sale or a solicitation of an offer to buy, in the United States or to
any "U.S Person" (as such term is defined in Regulation S under the U.S.
Securities Act of 1933, as amended (the "1933 Act")) of any equity or other
securities of Tantalex. The securities of Tantalex have not been registered
under the 1933 Act and may not be offered or sold in the United States (or to a
U.S. Person) absent registration under the 1933 Act or an applicable exemption
from the registration requirements of the 1933 Act.


The Canadian Securities Exchange (CSE) has not reviewed this news release and
does not accept responsibility for its adequacy or accuracy.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Tantalex Resources Corporation
Dave Gagnon
Chief Executive Officer
+1 514-394-7476
dg@tantalex.ca


Tantalex Resources Corporation
Jean-Robert Provonost
Chief Financial Officer
+1 514-394-7476
jrp@tantalex.ca

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1 Month Tantalex Lithium Resources Chart

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