Trading Symbol: (TSX-V): CSX
VANCOUVER, April 30 /CNW/ - Consolidated AGX Resources Corp. (the
"Company") - is pleased to announce that on April 18, 2007 it closed its
non-brokered private placement of 21,000,000 (post split) units at a price of
$0.0575 per unit for total proceeds of $1,207,500. Each Unit consists of one
common share (post split) and one transferable warrant, to purchase an
additional common share (post split) at $0.10 until April 18, 2009.
The Company paid a finder's fee of 1,000,000 units (post split).
All securities issued pursuant to the private placement including the
finder's fee securities are subject to a four month hold period expiring
August 19, 2007.
The proceeds from the private placement will be used by the Company to
pay existing payables, for working capital and for identification of new
On behalf of the Company
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news release.
For further information:
For further information: Kathrine MacDonald, President, Tel: (604)