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Re: News - Wednesday, October 27, 2010
Geodex Announces Closing of $1 Million Private Placement With
Northcliff Exploration Ltd.
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Geodex Minerals Ltd. (TSX-V:GXM), ("Geodex") has completed the $1
million private placement financing at $0.30 per share announced August
31st and October 25th, 2010. Geodex has issued 3,333,333 shares for
gross proceeds of $1,000,000.
Proceeds from the private placement will be used for general corporate purposes. No finder's fee was payable in connection with this private placement. The common shares issued pursuant to the private placement are subject to a hold period that expires on February 27, 2011, in accordance with applicable Canadian securities laws and the policies of the TSX Venture Exchange. The private placement did not result in a change of control of Geodex. Geodex has received final TSX Venture Exchange approval for the private placement.
ON BEHALF OF THE BOARD OF DIRECTORS
GEODEX MINERALS LTD.
Mark Fields,
President & CEO
For further information, please contact:
Investor Relations
(604) 689-7771, Toll free 1-888-999-3500
Visit our website at www.geodexminerals.com
Forward Looking Statement
Certain information regarding the Company contained in this press release may constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements may include estimates, plans, opinions, forecasts, projections or other statements that are not statements of fact. Although the Company believes that expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. The Company cautions that actual performance will be affected by a number of factors, many of which are beyond the Company's control, and that future events and results may vary substantially from what the Company currently foresees.
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Copyright (c) 2010 GEODEX MINERALS LTD. (GXM) All rights reserved.
For more information visit our website at http://geodex.pubco.net/ or
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Message sent on Thu Oct 28, 2010 at 2:33:10 PM Pacific Time
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Geodex Minerals Ltd
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EXPLORATION STAGE |
CODE : GXM.V |
ISIN : CA3719372029 |
CUSIP : 371937103 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Geodex is a gold and copper exploration company based in Canada. Geodex holds various exploration projects in Canada. Its main exploration properties are HARRY BROOK, MOUNT PLEASANT, ARMSTRONG BROOK, TURNBULL MOUNTAIN, VICTORIA LAKE PROPERTY, SISSON BROOK, TAMARACK LAKE, CRANBERRY LAKE and NEREPIS-CUNNINGHAM BROOK in Canada. Geodex is listed in Canada and in United States of America. Its market capitalisation is CA$ 347 478 as of today (US$ 270 748, € 232 654). Its stock quote reached its highest recent level on January 18, 2008 at CA$ 99.00, and its lowest recent point on January 01, 2016 at CA$ 0.01. Geodex has 2 779 827 shares outstanding. |