RX Exploration
Welcome To The RX Exploration HUB On AGORACOM Active in the Pursuit of Gold & Silver
RX EXPLORATION INC. ENGAGES IBK CAPITAL CORP. TO COMPLETE $8.5 MILLION FINANCING for immediate release: Toronto, Canada, November 15, 2007 - RX Exploration Inc. (“the Company”) is pleased to announce that it has retained the services of IBK Capital Corp. (“IBK”) to act as its agent to raise an aggregate amount of $8.5 million through the following private placements:
- A private placement of 3,333,333 common shares issued at a price of $0.15 per common share for total gross proceeds of $500,000. This seed capital offering is scheduled to close on or around November 21, 2007;
- A private placement offering of 10,000,000 units of common shares and warrants (“Units”) at a price of $0.50 per Unit, for total gross proceeds of $5,000,000. Each Unit will consist of one common share and one common share purchase warrant exercisable for two years at $0.75 per common share (“Hard Dollar Offering”); and,
- A private placement offering of 6,000,000 units of flow-through common shares and warrants (“Flow-Through Units”) at a price of $0.50 per Flow-Through Unit, for total gross proceeds of $3,000,000. Each Flow-Through Unit will consist of one common share and one-half common share purchase warrant exercisable for two years at $0.75 per common share (“Flow-Through Dollar Offering”).
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royalton
City
Collingwood
Rank
President
Activity Points
5904
Rating
Your Rating
Date Joined
09/05/2007
RX Exploration
Symbol
RXE
Exchange
TSX-V
Shares
45,186,508
Industry
Metals & Minerals
Website