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Source: ATEX Resources.
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  • ATEX (ATX) has announced a brokered private placement of up to C$7.4 million
  • The company intends to use the proceeds to advance its Valeriano Copper Gold Project in Chile and for general corporate purposes
  • The offering is scheduled to close the week of November 29, 2021
  • ATEX Resources is a mineral exploration company focused on the acquisition, development and monetization of projects throughout the Americas
  • ATEX (ATX) is up by 42.11 per cent and is currently trading at $0.27 per share

ATEX (ATX) has announced a brokered private placement of up to C$7.4 million.

The company will offer units priced at $0.1425 per unit for gross proceeds of up to $7,410,000.

Each unit is comprised of one common share and one common share purchase warrant.

Each warrant is exercisable to acquire one common share priced at $0.22 per share for 36 months from the closing of the offering.

ATEX intends to use the proceeds to advance its Valeriano Copper-Gold Project located in Chile’s prolific El Indio Mineral Belt and for general corporate purposes.

The agent may increase the offering by up to 15 per cent up to 48 hours prior to the closing of the offering.

The securities will be offered in Canada and may also be sold in the U.S. through exemptions from registration requirements and disclosure obligations.

The offering is scheduled to close the week of November 29, 2021.

ATEX Resources is a mineral exploration company focused on the acquisition, development and monetization of projects throughout the Americas.

ATEX (ATX) is up by 42.11 per cent and is currently trading at $0.27 per share as of 10:58 am ET.

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