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European Electric Metals Inc. 
Listed Company 

TIREX RESOURCES LTD. ("TXX")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: October 13, 2016
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to the second and final tranche of a Non-Brokered Private Placement announced September 22, 2016:

Number of Shares: 4,323,500 shares

Purchase Price: $0.10 per share

Warrants: 2,161,750 share purchase warrants to purchase 2,161,750 shares

Warrant Exercise Price: $0.15 for a one year period, the warrants are subject to an accelerated exercise provision in the event the Company's shares trade at least $0.30 per share for 10 consecutive trading days.

Number of Placees: 16 Placees

Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
George Gorzynski Y 100,000

The Company issued a news release on October 12, 2016 confirming closing of the second tranche of the private placement. Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
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