NEX COMPANY:
MX GOLD CORP. ("MXL.H")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: November 1, 2022
NEX Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced on September 21, 2022:
Number of Shares: 10,000,000 shares
Purchase Price: $0.05 per share
Warrants: 10,000,000 share purchase warrants to purchase 10,000,000 shares. The warrants are subject to an accelerated exercise provision in the event the volume-weighted average trading price is equal to or greater than $0.25 per share for a period of 20 consecutive trading days.
Warrant Exercise Price: $0.10 for one year
Number of Placees: 19 places
Insider / Pro Group Participation:
Placees # of Placee (s) Aggregate # of Shares
Aggregate Existing Insider Involvement: 1 1,500,000
Aggregate Pro Group Involvement: N/A N/A
Aggregate Cash Amount Aggregate #
of Shares Aggregate #
of Warrants
Finder's Fee: N/A N/A N/A
The Company issued a news release on October 7, 2022 confirming the closing 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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