Metalex Announces Private Placement and Return to Quebec Project
METALEX ANNOUNCES PRIVATE
PLACEMENT AND RETURN TO QUEBEC
PROJECT
/THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN
THE UNITED STATES
OR FOR
DISTRIBUTION TO U.S. WIRE SERVICES./
KELOWNA, BC
,
July 21, 2023
/CNW/ -
Metalex Ventures Ltd.
(TSXV: MTX) (the "Company")
announces that it will undertake a non-brokered private placement to raise gross proceeds of up to
$350,000
(the "Offering").
The Offering will be comprised of flow through shares ("FT shares") priced at
$0.05
per FT share.
Proceeds from the sale of the FT Shares will be used to finance qualified exploration on the
Company's claim blocks in its 100% owned
Quebec
project.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the
securities in the United States. The securities have not been and will not be registered under the
United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities
laws and may not be offered or sold within
the United States
or to U.S. Persons unless registered
under the U.S. Securities Act and applicable state securities laws or an exemption from such
registration is available.
The securities issued pursuant to the Offering will be subject to a four month hold period from the
date of issue of the units. The Offering remains subject to the acceptance of the TSX Venture
Exchange.
The Company is also pleased to announce that drilling has now restarted on claim block A5. Work
had begun in
May 2023
, but was forced to pause due to the extreme forest fire risk in
Quebec
.
Signed,
Charles Fipke
Charles Fipke
Chairman
FORWARD LOOKING STATEMENTS: Certain of the statements and information in this press
release constitute "forward-looking statements" or "forward-looking information", including
statements regarding the expected use of proceeds of the private placement. Further, any
statements or information that express or involve discussions with respect to predictions,
expectations, beliefs, plans, projections, objectives, assumptions or future events or performance
(often, but not always, using words or phrases such as "expects", "anticipates", "believes", "plans",
"estimates", "intends", "targets", "goals", "forecasts", "objectives", "potential" or variations thereof or
stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken,
occur or be achieved, or the negative of any of these terms and similar expressions) are not
statements of historical fact and may be forward-looking statements or information. The
Company's forward-looking statements and information are based on the assumptions, beliefs,
expectations and opinions of management as of the date of this press release, and other than as
required by applicable securities laws, the Company does not assume any obligation to update
forward-looking statements and information if circumstances or management's assumptions,
beliefs, expectations or opinions should change, or changes in any other events affecting such
statements or information. For the reasons set forth above, investors should not place undue
reliance on forward-looking statements and information.
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
release.
SOURCE
Metalex Ventures Ltd.
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%SEDAR: 00008159E
For further information:
Chad Ulansky, President & CEO, +1-250-860-8599,
CO: Metalex Ventures Ltd.
CNW 09:00e 21-JUL-23