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DEX Almadex Minerals Ltd

0.205
-0.005 (-2.38%)
21 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Almadex Minerals Ltd TSXV:DEX TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.005 -2.38% 0.205 0.205 0.23 0.225 0.205 0.21 75,000 20:59:56

Detector Revises Private Placement

12/06/2012 4:01pm

Marketwired Canada


Further to its press release of May 14, 2012, Detector Exploration Ltd. (the
"Corporation") (TSX VENTURE:DEX) would like to announce that it has amended the
terms of the previously announce private placement.


The Corporation will be issuing up to 4,000,000 flow through units (the "Units")
at price of $0.05 per Unit for gross proceeds of $200,000. Each Unit is
comprised of one (1) flow through common share and one (1) common share purchase
warrant (the "Warrant"). Each Warrant entitles the holder thereof to purchase
one (1) common share for a period of two (2) years from the date of issuance.
The Warrants are exercisable at a price of $0.10 per common share. The proceeds
will be used for further exploration and development of the Corporation's
properties and for general working capital.


As one of the subscribers to the private placement who will be taking up
2,000,000 Units, is currently a director of the Corporation and the private
placement will create a new insider and, upon the exercise of the warrants, two
(2) new control persons (as those terms are defined by the TSX Venture
Exchange), the Corporation intends to obtain shareholder approval through the
written consent of disinterested shareholders owning a minimum of 50% of the
disinterested common shares. 


This update contains "forward looking statements" within the meaning of the
United States Private Securities Litigation Reform Act of 1995 and applicable
Canadian securities legislation. Generally, these forward looking statements can
be identified by the use of forward looking terminology such as "plans",
"anticipated", "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". Detector is subject to significant
risks and uncertainties which may cause the actual results, performance or
achievements to be materially different from any future results, performance, or
achievements expressed or implied by the forward looking statements contained in
this release. Detector cannot assure investors that actual results will be
consistent with these forward looking statements and Detector assumes no
obligation to update or revise the forward looking statements contained in this
release to reflect actual events or new circumstances.


1 Year Almadex Minerals Chart

1 Year Almadex Minerals Chart

1 Month Almadex Minerals Chart

1 Month Almadex Minerals Chart