Tirex Arranging Financing
488-1090 West Georgia St. Tel: 604-687-7130 www.tirexresources.com Vancouver B.C. [email protected] Canada V6E3V7 TXX: TSX-V
February 15, 2017 - NR 02-2017
NEWS RELEASE
Tirex Arranging Financing
Tirex Resources Ltd. (“Tirex”) is pleased to announce it is arranging a $500,000 financing by way of a nonbrokered private placement through the issuance of 5 million units at $0.10 per unit with each unit consisting of one common share and one half share purchase warrant with each full warrant allowing the holder to purchase an additional common share at $0.15 for a period of 12 months subject to acceleration if the common shares close at $0.30 or greater for 10 straight days.
Tirex recently announced that it has received approval for a 25 year mining license for the Rehova project located in Albania. Rehova is a high grade copper project with historic copper production.
Fred Tejada, P.Geo, Tirex President, states, “Rehova is a past producer with exploration upside, in a rich geological setting. With tenure rights now firmly established, this financing will assist Tirex in executing its business plan to advance Rehova.”
Proceeds of the financing will be used for field work at Rehova and for general working capital.
On behalf of the company,
Spiro Kletas Chief Executive Officer
Forward-Looking Statements. This Tirex News Release may contain certain "forward-looking" statements and information relating to Tirex and the possible business transaction contemplated in this News Release. Often forward-looking statements or information include words such as "plans", expects", "intends", "anticipates", "estimates" "forecasts", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or will be taken occur or be achieved. Although forward-looking statements and information contained in this release are based on the beliefs of Tirex management, which we consider to be reasonable, as well as assumptions made by and information currently available to Tirex management, there is no assurance that the forward-looking statement or information will prove to be accurate. Specifically, there is no assurance Tirex will be able proceed with the Option Agreement stated in this News Release. The forward-looking statements and information contained in this release are subject to current risks, uncertainties and assumptions related to certain factors including, without limitations, obtaining all necessary approvals, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events as well as risks, uncertainties and other factors discussed in our quarterly and annual and interim management's discussion and analysis. Should any one or more of these risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements and information may vary materially from those described herein. Accordingly, readers should not place undue reliance on forwardlooking statements and information contained in this release. We undertake no obligation to update forwardlooking statements or information except as required by law.
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