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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 | - |
Mr. Garold R. Spindler, Chairman and CEO of ZEOX Corporation (The "Company" or "ZEOX") (TSX VENTURE:ZOX)(FRANKFURT:ZED), is pleased to announce the Company has closed the second and final tranche of the non-brokered private placement. The Company placed 6,063,500 Units at a price of $.1725 per Unit for gross proceeds of $1,045,953.75. Each Unit consists of one common share of the Company and one common share purchase warrant. Each warrant is exercisable into one common share of the Company at a price of $.27 per common share for a period of twelve months ending December 4, 2010. In total, the Company placed 10,162,900 Units for gross proceeds of $1,753,100.25. Further, Mr. Eyde, an officer and director of ZEOX Corporation, has sold 2,931,520 of his ZEOX shares in a private transaction in order to participate in the Company's private placement and invested the majority of his net proceeds. All the securities issued in connection witht the private placement are subject to a four month hold period expiring April 5, 2010. The proceeds of this private placement are intended to be used to fund working capital requirements and improvements at the Company's Ash Meadows and Bowie Mines. 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 and at the Company's website www.zeoxcorporation.com. On behalf of the Board of Directors Garold R. Spindler, Chairman and CEO
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