Mr. Anthony Zelen reports
REX RESOURCES ANNOUNCES PRIVATE PLACEMENT
Rex Resources Corp.
intends to complete a non-brokered private placement of up to five million units
at a price of five cents per unit for gross proceeds of up to $250,000. Each unit consists of
one common share in the capital of the company and one-half of one common share
purchase warrant. Each warrant entitles the holder to acquire one share
at a price of 7.5 cents per share for a period of 24 months from the closing date of the private placement.
The private placement is subject to exchange approval and all securities issued will be subject to a standard
holder period of four months and one day. Finders' fees may be payable in connection with the private placement, all in accordance with the policies of the exchange and applicable securities laws.
The company expects to use the net proceeds from the private placement for general working capital
purposes.
About Rex Resources Corp.
Rex is a mineral exploration company focused on the acquisition, exploration and development of mineral
resource properties. Rex owns an undivided 100-per-cent interest in eight contiguous mineral claims located near
Port Alberni, B.C., generally known as the Rex property.
We seek Safe Harbor.
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