Day: November 23, 2018

MGX MINERALS ANNOUNCES CA$8 MILLION NON-BROKERED PRIVATE PLACEMENT FINANCING

JayCurrie
CSE:XMG, MGX Minerals, lithium,
VANCOUVER, BRITISH COLUMBIA / November 23, 2018 / MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) is pleased to announce the Company intends to complete a non-brokered private placement to raise gross proceeds of up to $4,020,000 on a non-flow through basis (the “NFT Financing”) and a concurrent non-brokered flow through private placement to raise gross proceeds of $4,000,750 (the “FT Financing”), for aggregate gross proceeds of up to $8,020,750.

The NFT Financing will consist of an offering of up to 6,700,000 units (the “NFT Units”). Each NFT Unit will be priced at $0.60 and comprised of one common share of the Company (a “Common Share”) and one common share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to acquire one additional Common Share of the Company for a period of 36 months from the date of closing at an exercise price of $0.67. read more