VANCOUVER, July 5, 2013 /CNW/ - Pasinex Resources Limited (CNSX : PSE)
(FSE: PNX) is pleased to announce that it has completed a non-brokered
private placement to raise gross proceeds of $311,800 by the issuance
of 3,897,500 Units at $0.08 per Unit. Each Unit consists of one common
share and one half of a warrant, each whole warrant entitling the
holder to acquire an additional common share at $0.16 per share for a
period of two years. The Company paid a finder's fee of $9,344 cash
and issued 58,400 half Broker Warrants containing the same terms and
conditions as the private placement warrants.
The shares, and any shares issued on exercise of the warrants, are
subject to a four month hold period expiring November 3, 2013.
The proceeds of this financing will be applied to general working
Pasinex Resources Ltd. (CNSX: PSE) (FSE: PNX) is a base and precious
metal focused exploration company with priority given to building a
strong portfolio of base metal exploration opportunities in Turkey.
Pasinex's key projects are the Golcuk Copper-Silver Project located in
Sivas, Turkey, and the Joint Venture, Horzum Zinc-Lead Project with
Akmetal Group in Adana, Turkey. The company is led by an experienced
team with many years of experience in both in the mining and mineral
exploration industries around the world.
On Behalf of the Board of Directors
PASINEX RESOURCES LTD.
The CNSX does not accept responsibility for the adequacy or accuracy of
this news release.
This news release includes forward-looking statements that are subject
to risks and uncertainties. Forward-looking statements involve known
and unknown risks, uncertainties, and other factors that could cause
the actual results of the Company to be materially different from the
historical results or from any future results expressed or implied by
such forward-looking statements.
All statements within, other than statements of historical fact, are to
be considered forward looking. Although Pasinex Resources Ltd. believes
the expectations expressed in such forward-looking statements are
based on reasonable assumptions, such statements are not guarantees of
future performance and actual results or developments may differ
materially from those in forward-looking statements. Factors that could
cause actual results to differ materially from those in forward-looking
statements include market prices, continued availability of capital and
financing, exploration results, and general economic, market or
business conditions. There can be no assurances that such statements
will prove accurate and, therefore, readers are advised to rely on
their own evaluation of such uncertainties. We do not assume any
obligation to update any forward-looking statements.
SOURCE: Pasinex Resources Ltd.
For further information:
Phone: 416 861 9659 Email: email@example.com