Tirex Resources (TXX-V) private placement raises $3.01-million
Feb 21, 2013 - News Release
Tirex Resources Ltd. has raised $3,019,096 through a non-brokered private placement of 6,038,192 common shares at a price of 50 cents per share. There are no warrants attached to the common shares, and all shares issued under the private placement will be subject to resale restrictions expiring four months from the date of closing.
This private placement provides Tirex additional financial strength as the company advances its business plan at the Mirdita volcanogenic-massive-sulphide project in Albania.
The company will not be proceeding with the balance of the financing announced on Nov. 5, 2012, but did close on $1,208,120 relating to that private placement.
In addition to the funds closed in the private placement announced Nov. 5 and the $3,019,096 private placement described in today's news release, Tirex has approximately $1.91-million undrawn under its facility with the European Bank for Reconstruction and Development, a facility described in previous Tirex news releases. |
