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Share Name | Share Symbol | Market | Type |
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Micrex Development Corp | TSXV:MIX | 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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0.00 | 0.00% | 0 | - |
Micrex Development Corp. (TSX VENTURE:MIX) The Company will, subject to regulatory approval, undertake a private placement of up to $1,545,000 by the issuance of 4,300,000 Units at $0.15 per Unit and 4,500,000 Flow-through Shares at $0.20 per share. Each Unit consists of one (1) common share and one (1) common share purchase warrant. Each warrant entitles the holder to subscribe an additional common share at an exercise price of $0.30 for a period of 18 months from closing. Proceeds will be used for assessment on the Company's magnetite and apetite property in Quebec and for working capital. The Company has engaged EMD Financial Inc. ("EMD") of Montreal Quebec as its agent for this private placement. EMD is an exempt market dealer, registered in Quebec and serving clients in Quebec, Ontario and Alberta. EMD specializes in equity private placement financings for publicly traded companies in the resource sector. Furthermore, EMD offers consulting services on mergers, acquisitions and investment banking catered specifically to the client's situation. Micrex Development Corp. (TSX VENTURE:MIX) is a mineral exploration company based in Alberta, Canada with mining properties in North America. Current focus is on the St. Charles de Bourget magnetite / titanium / apatite property in Quebec. MICREX DEVELOPMENT CORP. Burmis Magnetite/Titanium Property - St. Charles de Bourget Magnetite/Titanium/Rare Earth Property - Fort Steele Placer Property - Bighorn Gold Mine - Mount Royal Gold Mine - Deadwood Gold Mine - Sunburst Gold Property WARNING: the Company relies upon litigation protection for "forward looking" statements. 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 by the forward-looking information. Factors that may cause actual results to vary material include, but are not limited to, inaccurate assumptions concerning the exploration for and development of mineral deposits, currency fluctuations, unanticipated operational or technical difficulties, changes in laws or regulations, the risks of obtaining necessary licenses and permits, changes in general economic conditions or conditions in the financial markets and the inability to raise additional financing. Readers are cautioned not to place undue reliance on this forward-looking information. The Company does not assume the obligation to revise or update this forward-looking information after the date of this release or to revise such information to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws. SEC 12 g (3) Exemption 82-4281
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