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LX Ventures Announces $3 Million Offering
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 15, 2013) - LX Ventures Inc. (TSX VENTURE:LXV) ("LXV" or the "Company") is pleased to announce that it is proceeding with a non-brokered private placement in which it will raise up to $3,045,000. In connection with the offering, the Company will issue up to 8,700,000 units at a price of $0.35 per unit. Each unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to acquire one additional common share of the Company at a price of $0.50 for a period of 12 months from the closing of the offering, subject to certain acceleration provisions in the event that the shares of the Company trade at $0.65 or higher for 10 consecutive trading days. The company will pay a finder's fee to certain eligible persons for subscriptions to the offering completed by qualified investors who have been introduced by such finders.
View More : http://www.marketwired.com/mw/release.do?id=1853289&sourceType=3
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