The Prospector News

GoviEx Closes Non-Brokered Private Placement

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

GoviEx Closes Non-Brokered Private Placement

 

 

 

 

 

GoviEx Uranium Inc. (TSX-V: GXU) (OTCQB: GVXXF) is pleased to announce that the non-brokered private placement offering announced April 8, 2019, as amended April 9, 2019, of an aggregate offering of up to 20,600,000 Units at a price of C$0.17 per Unit for gross proceeds of C$3,502,000 has been fully subscribed and is now closed.

 

Each Unit consists of one (1) Class A common share and one (1) Class A common share purchase warrant of the Company. Each Warrant entitles the holder to purchase one Class A common share of the Company over a period of 36-months, at a price of US$0.21 until April 10, 2020, US$0.24 until April 10, 2021, and US$0.28 until April 10, 2022.

All securities issued under this Private Placement are subject to the customary four-month hold period and may not be traded before August 11, 2019. In addition, securities issued to subscribers in the United States will be subject to a hold period under the Securities Act of 1933 (the “1933 Act“) and can only be resold in strict compliance with the applicable exemptions from the registration requirements of the 1933 Act.

 

GoviEx insiders subscribed for a total of C$3,000.16 or 17,648 Units. The Company paid cash finder’s fees of C$137,445.02.

 

The net proceeds from the Private Placement will be used to fund continued exploration and development activities on the Company’s assets, working capital and for general corporate purposes.

 

The Private Placement remains subject to the final acceptance of the TSX Venture Exchange.

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

About GoviEx Uranium

 

GoviEx is a mineral resource company focused on the exploration and development of uranium properties in Africa. GoviEx’s principal objective is to become a significant uranium producer through the continued exploration and development of its flagship mine-permitted Madaouela Project in Niger, its mine-permitted Mutanga Project in Zambia, and its other uranium properties in Africa.

 

Posted April 10, 2019

Share this news article

MORE or "UNCATEGORIZED"


Rupert Resources Reports Results From Project Drilling Including 120m at 6.2g/t Gold

Rupert Resources Ltd. (TSX:RUP) reports assay results from projec... READ MORE

May 16, 2024

West Red Lake Gold Announces Closing $33 Million Bought Deal Public Offering Including the Full Exercise of the Over-Allotment Option

West Red Lake Gold Mines Ltd. (TSX-V: WRLG) (OTCQB: WRLGF) is ple... READ MORE

May 16, 2024

Abitibi Metals Drills 13.15 Metres At 4.82% CuEq in Eastern Drilling At The B26 Deposit

Highlights: The Company has received results from drillholes 1274... READ MORE

May 16, 2024

Patriot Drills 122.5 m at 1.42% Li2O and 71.4 m at 1.57% Li2O at CV5

Highlights Continued strong lithium mineralization over wide inte... READ MORE

May 16, 2024

Argonaut Gold Announces First Quarter Financial and Operating Results

Argonaut Gold Inc. (TSX: AR) reported financial and operating res... READ MORE

May 16, 2024

Copyright 2024 The Prospector News