Mr. Charles Fipke reports
METALEX ANNOUNCES PRIVATE PLACEMENT AND RETURN TO QUEBEC PROJECT
Metalex Ventures Ltd. will undertake a non-brokered private placement to raise gross proceeds of up to $350,000.
The offering will comprise flow-through shares priced at five cents per FT share. Proceeds from the sale of the FT shares will be used to finance qualified exploration on the company's claim blocks on its 100-per-cent-owned Quebec project.
The securities issued pursuant to the offering will be subject to a four-month hold period from the date of issue of the units. The offering remains subject to the acceptance of the TSX Venture Exchange.
Also, drilling has now restarted on claim block A5. Work had begun in May, 2023, but was forced to pause due to the extreme forest fire risk in Quebec.
We seek Safe Harbor.
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