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| Home : Copper Fox Completes Top-Up Investmentin Carmax Mining Corp. |
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Jan 16
2015 |
Copper Fox Completes Top-Up Investmentin Carmax Mining Corp. |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 15, 2015) - Copper Fox Metals Inc. ("Copper Fox" or the "Company") (TSX VENTURE:CUU) is pleased to announce that it has, through its wholly owned subsidiary Northern Fox Copper Inc. ("Northern Fox"), closed a previously announced non-brokered private placement (the "Top-up Investment") in Carmax Mining Corp. ("Carmax") (TSX VENTURE:CXM) pursuant to which Copper Fox has indirectly acquired an additional 2,180,450 units of Carmax for an aggregate subscription price of $109,022.50. Units (each a "Unit") were subscribed for at a price of $0.05 per Unit and consisted of one previously unissued common share ("Share") and one common share purchase warrant ("Warrant") of Carmax. Each Warrant is exercisable for a period of 24 months from the closing date of the Top-up Investment and entitles the holder, on exercise, to purchase one additional common share of Carmax at a price of $0.10 per share. If the common shares of Carmax trade at a price of greater than $0.15 per share over a 30 day trading period, then the Warrants are subject to mandatory exercise immediately. |
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| Source:http://www.marketwired.com/mw/release.do?id=1983131&sourceType=3 |
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