TerraX Completes Private Placement; Closes Final Tranche of $95,000
27 Diciembre 2013 - 9:41AM
Marketwired
TerraX Completes Private Placement; Closes Final Tranche of $95,000
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec 27, 2013) -
TerraX Minerals Inc. (TSX-VENTURE:TXR)(FRANKFURT:TXO) - TerraX has
now closed its recently announced non-brokered private placement of
2,444,444 units at $0.45 per unit with the issuance of a further
211,112 units at $0.45 per unit, bringing the aggregate gross
proceeds raised in this private placement to $1,112,815. Each unit
will consist of one common share and one-half of one share purchase
warrant, with each full warrant entitling the holder to purchase an
additional common share at an exercise price of $0.50 per share
until December 27, 2015. The shares and any shares acquired on the
exercise of warrants will be subject to a hold period expiring on
April 28, 2014.
The net proceeds of this private placement will be used to
finance drilling planned for early 2014 at Northbelt, which
encompasses 3,562 hectares on the prolific Yellowknife belt, 15 km
north of the city of Yellowknife, and covers 13 km of strike on the
northern extension of the geology that contained the Giant (7.6
Moz) and Con (5.5 Moz) gold mines. The Northbelt property is host
to multiple shears that are the recognized hosts for gold deposits
in the Yellowknife camp and it contains innumerable gold
showings.
On behalf of the Board of Directors
Stuart Rogers, Director
Neither the TSX Venture Exchange nor
its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
This news release contains forward-looking information, which
involves known and unknown risks, uncertainties and other factors
that may cause actual events to differ materially from current
expectation. Important factors - including the availability of
funds, the results of financing efforts, the completion of due
diligence and the results of exploration activities - that could
cause actual results to differ materially from the Company's
expectations are disclosed in the Company's documents filed from
time to time on SEDAR (see www.sedar.com). Readers are cautioned
not to place undue reliance on these forward-looking statements,
which speak only as of the date of this press release. The company
disclaims any intention or obligation, except to the extent
required by law, to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise.
Paradox Public Relations514-341-0408 or Toll Free:
1-866-460-0408info@paradox-pr.caVanguard Shareholder
Solutions604-608-0824 or Toll Free:
1-866-801-0779ir@vanguardsolutions.ca
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