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| Home : TerraX Closes Second Tranche of Private Placement; Increases Placement to $2.4 Million |
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Oct 09
2014 |
TerraX Closes Second Tranche of Private Placement; Increases Placement to $2.4 Million |
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YELLOWKNIFE, NORTHWEST TERRITORIES--(Marketwired - Oct. 9, 2014) - TerraX Minerals Inc. (TSX VENTURE:TXR)(FRANKFURT:TX0) has completed a second closing of its recently announced non-brokered private placement of 6,000,000 units at $0.35 with the issuance of a further 1,334,500 units at $0.35 per unit, increasing the aggregate gross proceeds raised in this placement from the $2.1 Million originally announced to $2,409,575. Each unit consists of one common share and one-half of one share purchase warrant, with each full warrant entitling the holder to purchase an additional common share at an exercise price of $0.50 per share until October 8, 2017. The shares, warrants and any shares acquired on the exercise of warrants will be subject to a hold period expiring on February 9, 2015. Cash finder's fees will be payable with respect to a portion of this placement along with the issuance, to certain finders, of 5,215 finders warrants exercisable at $0.50 until October 8, 2017. |
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| Source:http://www.marketwired.com/mw/release.do?id=1956119&sourceType=3 |
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