ATEX Announces Extension of Private Placement Closing
ATEX Announces Extension of Private Placement Closing
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE
SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
VANCOUVER, British Columbia, February 14, 2020 – ATEX Resources Inc. ("ATEX")
(TSXV:ATX) is pleased to announce that pursuant to its previously announc ed private
placement financing of up to $5.1 million (the " Private Placement"), ATEX has been
granted an extension from the TSX Venture Exchange (the " TSXV") for the closing of any
subsequent tranches of the Private Placement until February 21, 2020.
As disclosed in the press release dated February 3, 2020, ATEX closed the first tranche of
the Private Placement, consisting of 3,616,333 units (each, a " Unit") for gross proceeds of
$1,084,899.90. Each Unit consists of one common share and one h alf of one common
share purchase warrant. Each whole warrant entitles the holder to purchase one common
share at an exercise price of $0.40 per share for a period of t hree years from the closing
date. ATEX may conduct one or more further closings up to the m aximum $5.1 million or
17,000,000 Units (the "Offering").
The TSXV has conditionally approved the issuance of securities in the Offering but the
Offering remains subject to the receipt of final TSXV approval.
About ATEX Resources Inc.
ATEX is a minerals exploration company focused on the acquisiti on, development and
monetization of projects throughout the Americas.
On behalf of ATEX Resources Inc.
Carl Hansen, CEO
For more information contact, email [email protected] or call 1 604 684 7160.
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.
Neither 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.