(November 2001) Shares For Debt Settlement Completed
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Shares For Debt Settlement Completed
11/19/01
SAMEX MINING CORP. ("SXG-V;SMXMF-L")
... has settled debt of CDN $164,198 (US$106,900) with a creditor
by issuing 1,200,000 common shares, which equates to a deemed price
of $0.1368 per share...
PRIVATE PLACEMENT COMPLETED
SAMEX has completed a private placement of 1,130,000 units
comprised of one common share and one warrant at a price
of $0.10 per unit...
The proceeds of the private placement will be used for exploration
on the Company's mineral properties in Bolivia, outstanding obligations
and for general working capital.
STOCK OPTIONS GRANTED
Subject to regulatory acceptance, SAMEX has granted additional incentive
stock options which have the effect of increasing the number of
options granted to employees, directors, officers and consultants of the Company
to 3,530,000 shares, all of which will be exercisable at a price
of $0.15 per share for a five year term.
Jeffrey Dahl, President
The Canadian Venture Exchange has neither approved...
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