Vancouver, BC — July 27, 2015 – Corex Gold Corp. (the "Company") wishes to announce the closing of the non-brokered private placement (the "Financing") see News Release May 11, 2015 and May 22, 2015.
Tranche one of the Financing included the issuance of 3,000,000 units (each a "Unit") at a purchase price of $0.05 for gross proceeds of $150,000.00. Each Unit comprise of one common share (a "Share") in the capital of the Company and one half of one non-transferable common share purchase warrant (a "Warrant"). Each whole Warrant will entitle the holder thereof to purchase one additional common share (a "Warrant Share") of the Company at an exercise price of CDN$0.15 per Warrant Share for a period of 24 months from the closing date of the Private Placement.
The net proceeds from this private placement will be used for Corex's Santana project and for general working capital purposes. All securities issued pursuant to the Offering will be subject to a statutory four month hold period under applicable securities laws.
About Corex Gold Corp
Corex Gold Corp is a Canadian resource company focused on the acquisition, exploration, and development of precious/base metal deposits in Mexico including its 100% owned flagship property, the Santana Project, which is in Sonora State, Mexico. In addition, Goldcorp Inc. has implemented an on-going exploration program on Corex's 100% owned Zuloaga property in Zacatecas State, Mexico.
ON BEHALF OF THE BOARD
"Craig D. Schneider"
President & CEO
FOR FURTHER INFORMATION PLEASE CONTACT:
Craig Schneider,
President & CEO
Tel: 604.683.2505
Fax: 604.683-2506
E-mail: [email protected]
Website: www.corexgold.com
Cautionary Statement:
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 release." The foregoing information may contain forward-looking statements relating to the future performance of Corex Gold Corp. Forward-looking statements, specifically those concerned with future performance are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties are detailed from time to time in Corex Gold Corp.'s filings with the appropriate securities commissions.
Original Article: http://www.corexgold.com/s/NewsReleases.asp?ReportID=717406
