News Releases
| Fri Aug 28, 2009 Corex Announces Non-Brokered Private Placement for up to 4,600,000 Units | |
| Vancouver, BC - August 28, 2009 - Corex Gold Corp. (the "Company") is pleased to announce a non-brokered private placement of up to 4,600,000 units at a price of $0.50 per unit, for aggregate gross proceeds of up to CDN$2,300,000. Each unit will consist of one common share and one warrant, exercisable by the holder to acquire one additional common share at a price of $0.70 for 24 months from Closing. The warrants are subject to an accelerated expiry which comes into effect once the shares trade above a weighted average price of $1.00 for any twenty consecutive trading-day period, subsequent to four months from Closing. In the event of an accelerated expiry, the expiry date will be the earlier of the regular two year expiry date and 30 days from the date the Company advises the placees of the accelerated expiry The net proceeds from this private placement will be used for additional exploration on Corex's Santana project and for general working capital purposes. The proposed financing is subject to the approval of the TSX Venture Exchange. About Corex Gold Corp Corex Gold Corp is a Canadian resource company focused on the acquisition, exploration, and development of precious metal deposits in Mexico. Corex is currently developing its flagship property, the Santana Project, which is a new gold discovery in Sonora, Mexico. In addition, Goldcorp Inc. (TSX:G - NYSE:GG) has implemented an on-going exploration program on Corex's 100% owned Zuloaga property in Zacatecas, Mexico. ON BEHALF OF THE BOARD "Craig D. Schneider" President & CEO FOR FURTHER INFORMATION PLEASE CONTACT: Craig Schneider, President & CEO or Chris Bogart VP Corporate Development Tel: 604.683.2505 Fax: 604.683-2506 E-mail: info@corexgold.com Website: www.corexgold.com Cautionary Statement: Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release." The foregoing information may contain forward-looking statements relating to the future performance of Corex Gold Corp. Forward-looking statements, specifically those concerned with future performance are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties are detailed from time to time in Corex Gold Corp.'s filings with the appropriate securities commissions. | |
