Mr. Andrew Bowering reports
NORDX METALS ANNOUNCES $2.4 MILLION PRIVATE PLACEMENT
Nordx Metals Corp. intends to complete a non-brokered private placement, consisting of up to eight million units of the company at a price of 30 cents per unit for gross proceeds of up to $2.4-million.
Each unit comprises one common share and one-half of one common share purchase warrant, each warrant entitling the holder to acquire one additional share at a price of 45 cents for a period of 24 months from the date of issuance.
The company intends to use the net proceeds raised from the offering for general working capital purposes and for continued exploration of the company's properties. The securities issued pursuant to the offering will be subject to applicable resale restrictions, including a statutory hold period of four months and one day from the date of issuance. Closing of the offering is subject to the satisfaction of customary closing conditions, including applicable requirements of the Canadian Securities Exchange.
About Nordx Metals Corp.
Nordx is an exploration and development company advancing uranium, lithium and rare earth projects in politically stable jurisdictions with infrastructure to support rapid, cost-effective exploration, development and production.
The company's consolidated financial statements and related management's discussion and analysis are available on the company's website or under its profile on SEDAR+.
We seek Safe Harbor.
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