Fieldex Exploration Announces First Closing Of Private Placement
Fieldex Exploration Inc (FLX.V) announced today that it has held a first closing of its private placement by issuing 5,087,000 flow-through units at 12.5 cents per unit, for gross proceeds of $635,875. Fieldex issued the flow-through units to accredited investors in Ontario and Quebec.
Each of the units is comprised of one common share and one-half of a common share purchase warrant. Each full warrant entitles its holder to acquire one additional common share of Fieldex at a price of 18 cents for 18 months.
Fieldex will use the proceeds for its exploration program on its properties in Quebec, the company said in a statement.
Fieldex is a mineral exploration company actively exploring in Quebec for base and strategic group metal deposits.
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