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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (3414)	12/18/2013 11:43:00 AM
From: Goose94	Read Replies (1) of 202405

Terrax Resources (TXR-V) due to additional demand, has increased its previously announced non-brokered private placement by up to 744,444 units at 45 cents per unit for additional gross proceeds of up to $335,000, bringing the total amount raised up to $1.1-million. 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 50 cents per share for a period of two years from the date of closing. A first tranche of the private placement is scheduled to close on Dec. 20, 2013.The proceeds of this private placement will be used to finance drilling planned for early 2014 on Terrax's wholly owned Northbelt gold property, immediately north of Yellowknife in the Northwest Territories. Dec 18, 2013 - News Release

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