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DualEx Prices Public Offering of Up to 20 Mln Units

DualEx Energy International Inc. (DXE.V) has set the pricing and final terms for its previously announced marketed public offering of units of the Corporation for minimum gross proceeds of $1.5 million and maximum gross proceeds of $3 million. In connection with the offering, the corporation will issue and sell a minimum of 10 million units at a price of $0.15 per unit and a maximum of 20 million units. Each Unit will be comprised of one common share of the Corporation and one common share purchase warrant.

The company will use net proceeds of the minimum Offering to record a 47 km2 of 3D seismic data on the KT Block of the company's Bouhajla exploration block located onshore in the Pelagian Basin of east central Tunisia.

DXE is currently trading at $0.145, slightly above 52-week low $0.135.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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