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

To: Goose94 who wrote (20611)	7/29/2016 1:55:49 PM
From: Goose94	Read Replies (2) \| Respond to of 203728

TerraX Minerals (TXR-V) July 29, '16 has closed the first tranche of a non-brokered private placement of 17,500,000 flow-through shares at $0.40 per share announced July 4, 2016 with the issuance of 10,654,846 shares at $0.40 per share for gross proceeds of $4,261,938.40. The shares are subject to a hold period expiring on November 30, 2016. Finder's fees in cash and shares, along with finder's warrants exercisable at $0.42 for a two year period, will be paid with respect to a portion of this placement on closing of the final tranche scheduled for mid-August 2016. The proceeds of this placement will be used to fund a 27,000 meter drill program on TerraX's wholly owned Yellowknife City gold project, where drilling is currently underway at the Mispickel discovery, where TerraX intercepted 8.00 m @ 60.60 g/t Au during its winter drill program earlier this year (see our news release of June 6, 2016). About the Yellowknife City Gold Project The Yellowknife City Gold ("YCG") encompasses 118 sq km of contiguous land immediately north and south of the City of Yellowknife in the Northwest Territories. Through a series of acquisitions, TerraX now controls one of the six major high-grade gold camps in Canada. Being within 15 km of the City of Yellowknife, the YCG is close to vital infrastructure, including transportation, service providers, hydro-electric power and skilled tradespeople. The YCG lies on the prolific Yellowknife greenstone belt, covering 23 km of strike length on the southern and northern extensions of the shear system that hosted the high-grade Con and Giant gold mines. The project area contains multiple shears that are the recognized hosts for gold deposits in the Yellowknife gold district, with innumerable gold showings and recent high grade drill results that serve to indicate the project's potential as a world-class gold district. For more information on the YCG project, please visit our web site at www.terraxminerals.com. On behalf of the Board of Directors Joseph Campbell, President Paradox Public Relations info@paradox-pr.ca 514-341-0408 or Toll Free: 1-866-460-0408