dcsimg
Home > Market Activity > Get Quotes > News > News Article

Essex Minerals Inc.

Exchange: TSXV Exchange | Apr 29, 2017, 7:26 AM EDT

ESX
$ 0.19 real time data No Change
Change:
0.00 (0.00%)
Volume:
0
Real-time price
Day Low N/A
Day High N/A


 Back
,
Essex Minerals Inc. Completes Initial Public Offering

Vancouver, British Columbia--(Newsfile Corp. - March 15, 2017) - Chris Dyakowski, President & CEO, is pleased to announce that Essex Minerals Inc. (TSXV: ESX) (the "Company") has completed its initial public offering (the "Offering") in which it distributed 3,549,007 common shares of the Company at a price of $0.15 per share, and 1,000,000 flow-through shares of the Company at a price of $0.20 per share, for gross proceeds of $732,351.05. Canaccord Capital Inc. (the "Agent") acted as agent on the Offering. The Company's common shares are expected to commence trading on the TSX Venture Exchange at that open on March 17, 2017 under the trading symbol "ESX".

With the completion of the Offering, the Company now has 10,225,007 common shares issued and outstanding (2,901,000 of which are subject to escrow restrictions), and 450,000 common shares reserved for issuance upon the exercise of agent's options granted upon completion of the Offering (the "Agent's Warrants"). The Agent received a cash commission equal to 9% of the total gross proceeds of the Offering, a corporate finance fee and the Agent's Options exercisable at a price of $0.15 per common share up to March 17, 2019.

The Company intends to proceed with its exploration program on the Melba Property, located in the interior Plateau area of south central British Columbia, approximately 30 kilometers south of Kamloops, as soon as weather conditions allow.

ESSEX MINERALS INC

Per:

Chris Dyakowski
President & Chief Executive Officer

For further information contact: Chris Dyakowski at 604.250.2844 or by e-mail at dyakowski@telus.net

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.

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.

Copyright © QuoteMedia. Data delayed 15 minutes unless otherwise indicated. View delay times for all exchanges. Market Data powered by QuoteMedia. See the QuoteMedia Terms of Use.