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Corex Announces Close of Private Placement
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VANCOUVER, BC - Corex Gold Corp. (the "Company"), is pleased to
announce that it has closed a non-brokered private placement of
$600,000, pursuant to the sale of 3,000,000 Units, at $0.20 per unit
that was previously announced on May 25, 2009. Each unit will consist
of one common share and one warrant, exercisable by the holder to
acquire one additional common share at a price of $0.32 in year one and
$0.45 in year two. The warrants are subject to an accelerated expiry
which comes into effect once the shares trade above a weighted average
price of $0.50 for any twenty consecutive trading-day period in year
one, or $0.65 for any twenty consecutive trading-day period in year
two, subsequent to four months from Closing. In the event of an
accelerated expiry, the expiry date will be the earlier of the regular
two year expiry date and 30 days from the date the Company advises the
placees of the accelerated expiry. The shares and warrants issued are
subject to a four month plus one day hold from the date of closing of
the private placement.
The net proceeds from this private placement will be used for
additional exploration and on Corex's Santana project and for general
working capital purposes.
ON BEHALF OF THE BOARD
"Craig D. Schneider"
President & CEO
For additional information on Corex Gold Corp please contact:
Tel: 604.683.2505
Fax: 604.683-2506
E-mail: info@corexgold.com
The TSX Venture Exchange has not reviewed and does not accept the
responsibility for the adequacy or accuracy of this news 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.
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Copyright (c) 2009 COREX GOLD CORPORATION (CGE) All rights reserved.
For more information visit our website at http://www.corexgold.com/ or
send mailto:info@corexgold.com
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EXPLORATION STAGE |
CODE : CGE.V |
ISIN : CA21870J1012 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Corex Gold is a gold exploration company based in . Corex Gold holds various exploration projects in Argentina, in Costa Rica and in Mexico. Its main exploration properties are ZULOAGA, SANTANA and TREBOL PROJECT in Mexico, EVELINA in Argentina and LILAS in Costa Rica. Corex Gold is listed in Canada. Its market capitalisation is CA$ 18.0 millions as of today (US$ 14.4 millions, € 11.6 millions). Its stock quote reached its highest recent level on May 12, 2006 at CA$ 1.37, and its lowest recent point on April 25, 2014 at CA$ 0.02. Corex Gold has 133 580 000 shares outstanding. |