SGX Announces $5.0 Million Private Placement
Dale Ginn, Chief Executive Officer of SGX Resources Inc. (the “Company”) (TSX VENTURE:SXR), is pleased to announce that the Company has entered into an agreement with Primary Capital Inc. and M Partners Inc. (the “Agents”) under which the Agents have agreed to sell, on a private placement basis, flow-through units of the Company at a price of $0.35 per flow-through unit for gross proceeds of $5.0 million. Each flow-through unit consists of one flow-through common share and one-half of one non-flow-through common share purchase warrant of the Company with each whole flow-through warrant exercisable into one common share at a price of $0.45 for a period of 24 months following the closing. The gross proceeds from the sale of the flow-through units shall be used for Canadian exploration expenses.
http://www.sgxresources.com/s/NewsReleases.asp
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