ATEX Announces $1.5 Million Private Placement
ATEX Announces $1.5 Million Private Placement
Vancouver, British Columbia--(Newsfile Corp. - March 18, 2019) -
ATEX Resources Inc. (TSXV: ATX)
("
ATEX
") is pleased to
announce it will be conducting a private placement of up to 10,000,000 units ("
Units
") at a price of $0.15 per Unit for gross
proceeds of up to $1.5 million (the "
Financing
").
Each Unit is comprised of one common share of ATEX and one common
share purchase warrant.
Each warrant entitles its holder to acquire one additional common share of ATEX at a price of $0.20
per share within the 5-year period following the closing of the Financing.
The proceeds from the Financing will be used for new project evaluation and acquisition, as well as for general working capital
purposes.
ATEX may pay a cash finder's fee of 5% on any portion of the Financing.
The Financing is subject to all necessary regulatory approvals, including acceptance by the TSX Venture Exchange.
The
securities to be issued in the Financing will be subject to a four-month hold period in accordance with applicable Canadian
securities laws.
About ATEX Resources Inc.
ATEX is a minerals exploration company focused on the acquisition, development and monetization of projects throughout the
Americas.
On behalf of ATEX Resources Inc.
Thomas Pladsen, CEO
For more information contact: Email:
or (604) 684-7160.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Forward Looking Information
This new release may contain forward-looking statements. These statements are based on current expectations and
assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in
the management discussion and analysis section of our interim and most recent annual financial statement or other reports
and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any
obligation to update any forward-looking statements.
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