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Share Name | Share Symbol | Market | Type |
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TSXV:CEV | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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Cap-Ex Ventures Ltd. (TSX VENTURE:CEV)(OTCQX:CPXVF)(FRANKFURT:X0V) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Cap-Ex Ventures Ltd. ("Cap-Ex" or the "Company") is pleased to announce that it has closed the second and final tranche (the "Second Tranche") of its private placement financing (the "Private Placement") first announced on December 2, 2011. The Second Tranche was comprised of 8,097,424 non flow-through units (the "Units") for total gross proceeds of $6,882,810.40. The Private Placement was completed in full and total proceeds raised from the first and second tranches was $10,211,248.90. Each Unit was comprised of one common share (the "Shares") and one share purchase warrant (the "Warrants") exercisable for a period of two years at an exercise price of $0.95 per share. Each Unit was sold for $0.85 per Unit. The Company intends to use the proceeds of the Private Placement for further exploration and development of the Company's Labrador properties and for general working capital purposes. The Shares comprising part of the Units and any common shares issued upon exercise of the Warrants are subject to statutory hold periods such that they cannot be traded or resold prior to May 14, 2012. Francois Laurin, the President and Chief Executive Officer of Cap-Ex, stated, "With the closing of the Second Tranche of this private placement, Cap-Ex has the financial capacity to proceed with its aggressive 2012 exploration program with the objective of identifying an initial mineral resource estimate." For additional information please visit the Company's website at www.cap-ex.ca. CAP-EX VENTURES LTD. Francois Laurin, President and CEO Cautionary Note Regarding Forward-looking Information This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the projected use of proceeds from the financing. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
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