Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
In the same category
Prominex Announces Non-Brokered Private Placement of 15,000,000 Units at $0.05/Unit
Published : November 08, 2012
( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Market |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 8, 2012) - Prominex Resource Corp. (News - Market indicators) announces a non-brokered private placement of up to 15,000,000 Units ("Units") at CAD $0.05 per unit. Each unit consists of one common share ("Common Share") and one full common share purchase warrant ("Warrant"). The warrants will expire two years after the closing of the offering. Each warrant will be exercisable at into one common share at CAD $0.10 during the first year or at CAD $0.20 during the second year of the warrant. The private placement may close in tranches.

Prominex will pay a finder's fee of up to 10% of the proceeds. The finder's fees will be payable in cash or units or a combination of both. 

The proceeds from this financing will be used for general working capital and to further exploration plans at Tulks Hill and Reid Lot 50 (Lake Bond) located in central Newfoundland. 

The offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange. The securities issued pursuant to the offering will be subject to a four month plus one day hold period from date of issuance.

The securities proposed to be offered in the private placement have not been registered under the U.S. Securities Act of 1933, as amended, or any State securities laws, and may not be offered or sold in the United States or to U.S. Persons absent registration or an applicable exemption from the registration requirements.

ON BEHALF OF THE BOARD

Gordon Barron, President and CEO

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release, and no securities regulatory authority has approved or disapproved of the contents of this release.

Prominex Resource Corp.
Gordon Barron
President and CEO
1.604.566.1094
www.prominex.ca

Prominex Resource Corp.

EXPLORATION STAGE
CODE : PXR.V
ISIN : CA74344K1057
CUSIP : 74344K105
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Prominex Res. is an exploration gold and copper company based in Canada.

Prominex Res. holds various exploration projects in Canada.

Its main exploration properties are BURTONS POND and TULKS HILL - BUCHANS RIVER in Canada.

Prominex Res. is listed in Canada and in United States of America. Its market capitalisation is CA$ 418 450 as of today (US$ 319 947, € 291 376).

Its stock quote reached its highest recent level on December 29, 2006 at CA$ 0.38, and its lowest recent point on February 27, 2015 at CA$ 0.01.

Prominex Res. has 83 690 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Financings of Prominex Resource Corp.
4/5/2013Announces $350,000 Financing
11/8/2012Announces Non-Brokered Private Placement of 15,000,000 Units...
5/6/2011Closes Private Placement and Issues Shares
4/26/2011Closes Oversubscribed Non-Brokered Private Placement
4/13/2011Annonces Non-Brokered Private Placement
Corporate news of Prominex Resource Corp.
4/20/2015IIROC Trading Halt - PXR
8/29/2014Prominex Announces Share Consolidation
5/30/2014Prominex Resource Corp. Press Release: Corporate Update
4/1/2014Prominex Resource Corp. $300,000 Private Placement
10/15/2013Announces Results of Annual General Meeting
6/21/2013Announces Notice of Change of Auditor and Change of Register...
5/16/2011Annual General Meeting Results
2/14/2011Signs Letter of Agreement for a C$5,000,000.00 , Equity Fund...
12/3/2010Reorganization of Audit and Compensation Committees
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (PXR.V)OTHER OTC (PXRFF)
0.005+0.00%0.002+0.00%
TSX-V
CA$ 0.005
07/31 15:57 -
0%
Prev close Open
0.005 0.005
Low High
0.005 0.005
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
0.005 -  0.010 -50.00%
Volume 1 month var.
0 -50.00%
24hGold TrendPower© : -5
Produces
Develops
Explores for Copper - Gold
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
2016-50.00%
20150.00%0.010.01
2014-50.00%0.050.01
20130.00%0.040.01
2012-33.33%0.050.02
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Ormat technologiesORA
Ormat Technologies Secures $36 Million Supply EPC Contracts for a Geothermal Power Plant in New Ze
US$ 42.98+1.01%Trend Power :
Ivanhoe Mines(Ag-Au-Cu)IVN.TO
Kamoa Copper Project initiates major drilling program at the ne
CA$ 1.05+0.00%Trend Power :
Energy Fuels(Cu-Ni-Zn)EFR.TO
Announces Election of Directors and Results of Shareholder Meeting and Filing of Renewal of Prelimin
CA$ 2.88+1.77%Trend Power :
Claude Resources(Au-Cu-Ngas)CRJ.TO
Shareholders approve acquisition of Claude Resources by Silver Standard
CA$ 2.33+2.64%Trend Power :
Canalaska(Ag-Au-Co)CVV.V
Enters into $20.4 Million Deal with De Beers
CA$ 0.59+1.72%Trend Power :
Treasury MetalsTML.TO
Closing $4.0 Million Offering
CA$ 0.50-1.96%Trend Power :
American ManganeseAMY.V
CLOSES $200,500 PRIVATE PLACEMENT
CA$ 0.02+25.00%Trend Power :
UEX(Au-Cu-Ur)UEX.TO
Closes $7.25 Million Combined Flow-Through and Hard Dollar Private Placements
CA$ 0.23+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q1 2016 and Operations Update
CA$ 0.18-7.50%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Stornoway Announces Results From Annual General Meeting
CA$ 0.97+0.00%Trend Power :
Pure Gold.(Cu-Fe-Au)PGM.V
Intersects 10.9 g/t gold over 9.8 metres, Including 27.0 g/t gold over 3.8 Metres at the McVeigh Hor
CA$ 0.72+22.03%Trend Power :
Harvest Natural(Ngas-Oil)HNR
Announces 2016 First Quarter Results
US$ 0.44+2.33%Trend Power :
Premier Gold Mines(Au)PG.TO
Strengthens Senior Management
CA$ 3.29+1.23%Trend Power :
St Barbara(Au-Cu-Ni)SBM.AX
Presentation to Melbourne Mining Club
AU$ 2.60+3.17%Trend Power :
Cooper EnergyCOE.AX
Raises 18.4 millionin institutionnal placement
AU$ 0.21+0.00%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Stornoway Announces FY2016 First Quarter Results
CA$ 0.97+0.00%Trend Power :
US Geothermal.GTH.TO
Newsletter
CA$ 0.87+0.00%Trend Power :
Kinross Gold(Cu-Le-Ni)K.TO
Kinross Reports 2016 First Quarter Results
CA$ 6.50+0.78%Trend Power :
Largo Res.(Au-Cu-Mo)LGO.V
Approval for tradinb on the OTC Markets Group Listing
CA$ 0.59+13.46%Trend Power :
ValeVALE3.SA
informs the end of MRN negotiations with Hydro
BRL 14.44+2.19%Trend Power :