Metalex Ventures (MTX-V) Dr. Charles E. Fipke of 203, 1634 Harvey Ave., Kelowna, B.C., V1Y 6G2, has filed an early warning report dated Oct. 30, 2013, advising of his holdings in Metalex Ventures Ltd. Dr. Fipke has acquired beneficial ownership of 16,811,448 common shares of Metalex, which shares were acquired by Dr. Fipke by way of a private placement of flow-through shares at a price of 7.5 cents per flow-through share. These securities represent 18.86 per cent of the issued and outstanding common shares of Metalex. Immediately prior to the acquisition of the 16,811,448 shares, Dr. Fipke, alone and together with CF Minerals Research Ltd., Kel-Ex Development Ltd. and Lucky Panda Geoservices Ltd., companies wholly owned by Dr. Fipke, and the Charles E. Fipke Foundation, a charitable foundation of which Dr. Fipke is a trustee, held or controlled 13,273,737 common shares in the capital of Metalex and 769,608 warrants. These common shares and warrants, together with the 16,811,448 common shares and 640,000 options held by Dr. Fipke, represent an aggregate of 31,494,833 common shares or 34.79 per cent of the then-issued-and-outstanding shares of Metalex calculated assuming exercise of the 769,608 warrants and the 640,000 options. The securities were acquired for investment purposes in a private placement, and Dr. Fipke may acquire further securities of Metalex in the future. A copy of the report filed in accordance with applicable securities legislation may be obtained by contacting Keiven Bauer at 250-860-8599.
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Oct 30, 2013 - News Release
Metalex Ventures Ltd. has closed its non-brokered private placement. The company raised approximately $1.7-million through the issuance of 22,666,667 flow-through shares at a price of 7.5 cents per FT share.Dr. Charles Fipke, chairman of the company, subscribed for $1,260,858 of FT shares in the financing.
All securities issued under the financing are subject to a four-month hold period expiring March 1, 2014.
The proceeds from the sale of FT shares shall be applied toward the company's mineral properties in Quebec. |
