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MGX Minerals $5mln offering set to close in April

Wednesday, April 5, 2017 10:41
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(Before It's News)

Industrial minerals group MGX Minerals Inc (CVE:XMG) said its warrant financing announced in March is now expected to close on or around April 25.

Up to 4,166,666 special warrants will be offered at $1.20 each for gross proceeds of up to $5million, the firm said.

Mackie Research Capital Corp is lead agent and has been granted the option to increase the size of the offering by up to an additional $750,000 of special warrants at any time up to 48 hours prior to the closing of the offering.

Each warrant can be exercised into one unit of the company, which will consist of one share and one share purchase warrant.

Each warrant will be exercisable into one share for two years following the closing of the offering.

Story by ProactiveInvestors


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