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Triex Minerals Updates Financing
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Vancouver, BC - Triex Minerals Corporation (TXM-TSX.V) ("Triex") the
Company wishes to update the previously disclosed information regarding
its brokered private placement (the "Offering") being sold through a
syndicate of agents led by Dundee Securities Corporation, including
Toll Cross Securities Inc., and Wellington West Capital Markets Inc.
The Offering has been amended to reflect that the Company will be
offering up to 1,113,235 flow through shares at a price of $3.40 per
share for gross proceeds of up to $3,784,999 and 871,667 units at a
price of $3.00 per unit for gross proceeds of up to $2,615,001. As
previously disclosed, each unit will consist of one common share and
one-half of one non-transferable common share purchase warrant (the
"Units"). Each whole warrant will entitle the holder to purchase one
additional common share at a price of $3.50 per share for a period of
18 months.
Additionally, the previously announced non-brokered private placement
has been amended to reflect that the Company will offer up to 80,000
flow-through shares at a price of $3.40 per share for gross proceeds of
up to $272,000 and up to 220,000 Units at $3.00 per Unit for gross
proceeds of up to $660,000.00.
All other terms of the Offering remain the same as previously
announced.
The securities being offered have not been registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold in
the United States in the absence of registration or an applicable
exemption from the registration requirements. This press release does
not constitute an offer to sell or the solicitation of an offer to
purchase securities in the United States. The TSX Venture has not
reviewed and does not accept responsibility for the adequacy or
accuracy of this release.
Triex is a Canadian junior mineral exploration company focused on
uranium opportunities in North America. The company is working in three
proven districts, advancing nine core projects which span grass roots
reconnaissance exploration to advanced-stage resource delineation. The
2007 exploration budget is $8.7 million.
TRIEX MINERALS CORPORATION
"Michael Gunning"
Michael Gunning, President
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the content of this news
release.
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Copyright (c) 2007 TRIEX MINERALS CORPORATION (TXM) All rights
reserved. For more information visit our website at
http://www.triexminerals.com/ or send mailto:info@triexminerals.com
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