Rex Resources Announces Closing of Flow-Through Financing
228 – 1122 Mainland St.
Vancouver, BC V6B 5L1
www.rexresourcescorp.com
Not for distribution to United States newswire services or for dissemination in the United States
January 10, 2025 TSX-V: OWN
Rex Resources Announces Closing of Flow-Through Financing
January 10, 2025 – Vancouver, B.C. – Rex Resource Corp. (TSXV: OWN, FRANKFT: 94G) (“Rex”
or the “Company”) is pleased to announce the closing of the Company’s previously-disclosed non-brokered
private placement (the “ Private Placement ”) of flow-through common shares (each, a “ FT Share”),
pursuant to which Rex issued 500,000 FT Shares at a price of $0 .10 per FT Share for gross proceeds of
$50,000.
The FT Shares are intended to qualify as “flow-through shares” within the meaning of subsection 66(15) of
the Income Tax Act (Canada) (the “Tax Act”). An amount equal to the gross proceeds from the issuance of
the FT Shares will be used by the Company to incur eligible resource exploration expenses which will
qualify as (i) “Canadian exploration expenses” (as defined in the Tax Act), and (ii) as “flow-through mining
expenditures” (as defined in subsection 127(9) of the Tax Act (collectively, the “Qualifying
Expenditures”). Qualifying Expenditures in an aggregate amount not less than the gross proceeds of the
Private Placement will be incurred (or deemed to be incurred) by the Company on or before December 31,
2025 and will be renounced by the Company to the subscribers of the FT Shares with an effective date no
later than December 31, 2024.
The Company did not pay any finder’s fees in connection with the Private Placement , which closed on
December 31, 2024. All securities issued in connection with the Private Placement are subject to a hold
period of four months and one day in accordance with applicable securities laws.
The Private Placement remains subject to acceptance by the TSX Venture Exchange.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the
United States. The securities referenced herein 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, or for the account or benefit of, U.S. persons unless
registered under the U.S. Securities Act and applicable state securities laws, unless an exemption from such
registration is available.
About Rex Resources Corp.
Rex is a mineral exploration company focused on the acquisition, exploration, and development of mineral
resource properties. Rex owns an undivided 100% interest in eight contiguous mineral claims located near
Port Alberni, British Columbia, generally know n as the Rex Property, and has the option to acquire an
undivided 100% interest in an additional eight mineral claims in proximity thereto known as the Macktush
Property.
- 2 -
ON BEHALF OF THE BOARD OF DIRECTORS
Michael Leahy, Director
(604) 681-8835
www.rexresourcescorp.com
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 news
release.
Forward Looking Information
This news release contains “forward‐looking information or statements” within the meaning of applicable securities
laws, which may include, without limitation, statements relating to the Private Placement and the use of proceeds
therefrom, the potential plans for the Company’s projects , other statements relating to the technical, financial and
business prospects of the Company, its projects, its goals and other matters. All statements in this news release, other
than statements of historical facts, that address events or developments that the Company expects to occur, are forward-
looking statements. Although the Company believes the expectations expressed in such forward -looking statements
are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may
differ materially from those in the forward-looking statements. Such statements are based on numerous assumptions
regarding present and future business strategies and the environment in which the Company will operate in the future,
including the price of metals, the ability to achieve its goals, that general business and economic conditions will not
change in a material adverse manner and that financing will be available if and when needed and on reasonable terms.
Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks,
uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration results,
risks related to the inherent uncertainty of exploration and cost estimates and the potential for unexpected costs and
expenses and those other risks filed under the Company’s profile on SEDAR+ at www.sedarplus.ca. While such
estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject
to significant business, economic, competitive and regulatory uncertainties and risks. Factors that could cause actual
results to differ materially from those in forward looking stat ements include, but are not limited to, continued
availability of capital and financing and general economic, market or business conditions, failure to secure personnel
and equipment for work programs, adverse weather and climate conditions, risks relating to unanticipated operational
difficulties (including failure of equipment or processes to operate in accordance with specifications or expectations,
cost escalation, unavailability of materials and e quipment, government action or delays in the receipt of government
approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and
environmental matters), risks relating to inaccurate geological assumptions, failure to maintain or obtain all necessary
government permits, approvals and authorizations, failure to obtain or maintain surface access agreements or
understandings from local communities, land owners or Indigenous groups, fluctuation in exchange rates, the impact
of viruses and diseases on the Company’s ability to operate, capital market conditions, restriction on labour and
international travel and supply chains, decrease in the price of gold, copper and other metals, loss of key employees,
consultants, officers or directors, failure to maintain or obtain community acceptance (i ncluding from the Indigenous
communities), increase in costs, litigation, and failure of counterparties to perform their contractual obligations . The
Company does not undertake to update forward‐looking statements or forward‐looking information, except as required
by law.