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ZOX Zeox Corporation

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Share Name Share Symbol Market Type
Zeox Corporation TSXV:ZOX 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 -

ZEOX Announces Non-Brokered Private Placement

25/09/2009 1:00pm

Marketwired Canada


Mr. Garold R. Spindler, Chairman and CEO of ZEOX Corporation (The "Company" or
"ZEOX") (TSX VENTURE:ZOX)(FRANKFURT:ZED), has arranged a non-brokered private
placement for up to 14,500,000 units for gross proceeds of up to $2,500,000.


Each Unit will be priced at $0.1725 and consist of one common share of the
Company and one warrant entitling the holder to acquire one additional common
share for a period of one year from closing at the exercise price of $.2725.
Finder's fees will be paid in accordance with TSX Venture Exchange policy.


The proceeds of the financing will be used to fund working capital requirements
and improvements at the Company's Ash Meadows and Bowie mines. The resulting
capitalization combined with new strategies to deliver earnings will be adequate
to support growth. 


The private placement is subject to TSX Venture Exchange approval.

For a more complete business and financial profile of the Company, management
encourages interested parties to view the Company's documents posted on
www.sedar.com.


On behalf of the Board of Directors

Garold R. Spindler, Chairman and CEO

Legal Notice Regarding Forward Looking Statements: This news release contains
"forward-looking statements within the meaning of applicable Canadian securities
legislation. Forward-looking statements are indicated expectations or
intentions. Forward-looking statements in this news release include that Zeox
can close a private placement of up to $2,500,000 and that the resulting
capitalization combined with new strategies to deliver earnings will be adequate
to support growth. Factors that could cause actual results to be materially
different include that we may not be able to raise sufficient capital to
accomplish our intentions and that even if we do close the maximum private
placement, capital alone may not be sufficient for us to grow our business.
Growth depends on customer support and winning new customers, as well as market
conditions. Investors are cautioned against placing undue reliance on
forward-looking statements. It is not our policy to update forward looking
statements.


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1 Year Zeox Corporation Chart

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