SGX Announces Closing of Private Placement

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR
FOR DISSEMINATION IN THE UNITED STATES.


Dale Ginn, President and CEO of SGX Resources Inc. (TSX VENTURE:SXR) (the
"Company") is pleased to announce that the Company has completed the third
tranche of its private placement offering (the "Offering") of flow-through units
(the "Units") of the Company. The first two tranches of the Offering were
brokered by a syndicate of agents led by Primary Capital Inc. and M Partners
Inc. and including Stonecap Securities Inc. and the third tranche was
non-brokered. At the closing of the third tranche, the Company issued 1,962,000
Units at a price of $0.35 per Unit for aggregate gross proceeds of $686,700. The
aggregate number of Units issued by the Company in the first, second and third
tranches of the Offering was 14,386,200 for aggregate gross proceeds of
$5,035,170. 


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 date of issuance.  


At the closing certain finders who assisted the Company with the Offering
received a fee equal to 6% of the gross proceeds of the Offering. 


All securities issued are subject to a hold period of four months and a day from
the date of issuance in accordance with applicable securities laws. The
securities issued by the Company in the first tranche of the Offering are
subject to a hold period expiring on April 7, 2013. The securities issued by the
Company in the second tranche of the Offering are subject to a hold period
expiring on April 21, 2013. The securities issued by the Company in the third
tranche of the Offering are subject to a hold period expiring on April 29, 2013.


The gross proceeds from the sale of the Units shall be used for Canadian
exploration expenses on the mineral properties of the Company.  


These securities being offered have not been and will not be registered under
the United States Securities Act of 1933, as amended (the "U.S. Securities Act")
and may not be offered or sold in the United States or to, or for the benefit
of, U.S. persons (as defined in Regulation S under the U.S. Securities Act)
absent registration or an applicable exemption from registration requirements.
This release does not constitute an offer for sale of securities in the United
States. 


A copy of this press release will be made available on the Company's website and
will be filed with SEDAR. 


NOTE: The information in this release may contain forward-looking information
under applicable securities laws. This forward-looking information is subject to
known and unknown risks, uncertainties and other factors that may cause actual
results to differ materially from those implied in the forward-looking
information. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
SGX Resources Inc.
Dale Ginn
CEO
(204) 794-5818


SGX Resources Inc.
Investor Relations
1-888-749-4621
www.sgxresources.com

SGX Resources Inc. (TSXV:SXR)
過去株価チャート
から 5 2024 まで 6 2024