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| Home : LX Ventures Completes First Tranche of Financing at $1,157,500 |
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Oct 01
2013 |
LX Ventures Completes First Tranche of Financing at $1,157,500 |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 1, 2013) - LX Ventures Inc. (TSX VENTURE:LXV) ("LXV" or the "Company") is pleased to announce that it has agreed to increase the size of its previously announced $1 million private placement, due to significant market demand. The Company announces that it closed the first tranche of the placement yesterday for gross proceeds of $1,157,500. The Company issued 7,716,668 units to subscribers at a price of $0.15 per unit, each unit consisting of one common share and one-half of one share purchase warrant, each whole warrant entitling the holder to acquire one additional common share of the Company at a price of $0.22 per share for a period of 12 months, subject to certain acceleration provisions in the event the Company's shares trade at $0.30 or more for 10 consecutive trading days. |
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| Source:http://www.marketwired.com/mw/release.do?id=1836410&sourceType=3 |
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