Acrex Ventures closes 5,000,000 units private placement



    /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION
    IN THE UNITED STATES/

    Symbol "AKV": TSX Venture Exchange
    SEC Form 20F Registration CIK: 1194506
    Symbol "AXVEF": OTC BB

    VANCOUVER, Aug. 20 /CNW/ - Acrex Ventures Ltd. ("Acrex"), on August 16,
2007, closed the second and final tranche of the private placement announced
in its July 19, 2007 Press Release through its best efforts Agent, PI
Financial Corp. The Company has sold 2,800,000 Units ("Units") for $0.18 per
Unit - for which the Company has received gross proceeds of $900,000.
    Each Unit consists of one non flow-through common share and one-half of a
2-year transferable share purchase warrant entitling the purchase of one
additional common share at $0.50 per share.
    The Agent's compensation included a 7% commission paid as to $10,800 in
cash, and the balance by 290,000 commission units. The Agent's commission
units have the same terms as the Units of the Offering. The Agent also
received 400,000 2 year compensation warrants entitling the Agent to purchase
up to 400,000 non flow-through shares at an exercise price of $0.23 per share.
    All of the shares which are issued as part of the Units, and pursuant to
the exercise of the warrants, are subject to 4 month hold periods - which will
expire December 17, 2007.

    This News Release does not constitute an offer to sell or a solicitation
of an offer to sell any of securities in the United States. The securities
have not been and will not be registered under the United States Securities
Act of 1933, as amended (the "U.S. Securities Act") or any state securities
laws and may not be offered or sold within the United States or to U.S.
Persons unless registered under the U.S. Securities Act and applicable state
securities laws or an exemption from such registration is available.

    
    ACREX VENTURES LTD.
    Per:

           T.J. Malcolm Powell,
           President
    

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this Release.





For further information:

For further information: Investor Relations - Tel: (604) 618-1758, Fax:
(604) 687-4212, e-mail: info@acrexventures.com, website:
www.acrexventures.com

Organization Profile

ACREX VENTURES LTD.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890