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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 Closes Final Tranche of Non-Brokered Private Placement

10/12/2009 1:44pm

Marketwired Canada


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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