Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (18232)	5/9/2016 3:17:54 PM
From: Goose94	Read Replies (2) \| Respond to of 202866

Corex Gold (CGE-V) May 9, '16 Further to its news releases of April 14, 2016, Corex Gold Corp. has, subject to final acceptance from the TSX Venture Exchange, completed the non-brokered private-placement offering of 20 million units at a price of five cents per unit for gross proceeds of $1-million. Each unit will consist of one common share and one-half of one non-transferable share purchase warrant. Each whole warrant will be exercisable by the holder to acquire one additional common share at a price of 15 cents for a period of 24 months following the closing of the financing. The company has agreed to pay finders' fees of 7 per cent on a portion of the gross proceeds received by the company from the sale of units sold pursuant to the financing, which shall include cash of $26,250, 700,000 compensation shares and 525,000 warrants. Each agent warrant shall be exercisable in whole or in part at an exercise price of 15 cents for a period of 24 months from the closing of the financing. All securities issued pursuant to the financing will be subject to a statutory four-month-and-one-day hold period from the date of closing of the financing. Proceeds will be used for the development of the Santana property in Mexico, general operating purposes and settling current trade payables. About Corex Gold Corp Corex Gold Corp is a Canadian resource company focused on the near-term production, of its 100% owned flagship property, Santana Project, Sonora State, Mexico. In addition, Goldcorp Inc. has implemented an on-going exploration program on Corex's 100% owned Zuloaga property in Zacatecas State, Mexico. ON BEHALF OF THE BOARD "Craig D. Schneider" President & CEO FOR FURTHER INFORMATION PLEASE CONTACT: Craig Schneider, President & CEO Tel: 604.683.2505 Fax: 604.683-2506 E-mail: info@corexgold.com Website: www.corexgold.com