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SGX Announces Closing of $3.15 Million Private Placement

Dec 7, 2012

Dale Ginn, President and CEO of SGX Resources Inc. (TSX VENTURE:SXR) (the “Company”) is pleased to announce that the Company has closed its private placement offering (the “Offering”) with a syndicate of agents led by Primary Capital Inc. and M Partners Inc. and including Stonecap Securities Inc. (collectively the “Agents”) of flow-through units (the “Units”) of the Company. At the closing the Company issued 9,004,700 Units at a price of $0.35 per Unit for aggregate gross proceeds of $3,151,645.

The Units each consist of one flow-through common share and one half of one non-flow-through common share purchase warrant of the Company (“Warrant”) with each whole Warrant exercisable into one common share of the Company at a price of $0.45 for a period of 24 months following the closing.

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