nothing like timing the release of drill results for the next flow through placement. Maybe it's good SGR rarely issues drill results anymore :)
Press release from Marketwire
SGX Announces $5.0 Million Private Placement
Thursday, November 22, 2012
WINNIPEG, MANITOBA--(Marketwire - Nov. 22, 2012) -
THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
Dale Ginn, Chief Executive Officer of SGX Resources Inc. (the "Company") (TSX VENTURE:SXR), is pleased to announce that the Company has entered into an agreement with Primary Capital Inc. and M Partners Inc. (the "Agents") under which the Agents have agreed to sell, on a private placement basis, flow-through units of the Company at a price of $0.35 per flow-through unit for gross proceeds of $5.0 million. Each flow-through unit consists of one flow-through common share and one-half of one non-flow-through common share purchase warrant of the Company with each whole flow-through warrant exercisable into one common share at a price of $0.45 for a period of 24 months following the closing. The gross proceeds from the sale of the flow-through units shall be used for Canadian exploration expenses.
Closing of the offering is scheduled to occur on or about December 6, 2012. All securities issued will be subject to a four-month hold period. The offering is subject to a number of conditions, including, without limitation, receipt of all regulatory approvals.
For further information visit http://www.sgxresources.com. A copy of this press release will be made available on the Company's website and will be filed with SEDAR.
