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     556  0 Kommentare NGEx Announces Private Placement for Gross Proceeds of Up to CDN $8 Million

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 26, 2016) -

    NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES
    OR FOR DISSEMINATION IN THE UNITED STATES

    NGEx Resources Inc. (TSX:NGQ)(NASDAQ OMX:NGQ) ("NGEx" or the "Company") reports that it intends to sell on a non-brokered, private placement basis common shares of the Company ("Common Shares") at a price to be determined in a book-building process that will begin at or around 09:00 Central European Time (CET) on January 27, 2016, and end before the commencement of trading on the Toronto Stock Exchange on the same day for gross proceeds of up to Cdn $8 million (the "Private Placement"). A 5.00% finders' fee may be payable on all or a portion of the Private Placement.

    The Common Shares will be offered by way of a prospectus exemption in Canada and the Common Shares sold in the Private Placement will be subject to a hold period of four months plus one day. In connection with the Private Placement, it is anticipated that two shareholders who are insiders of the Company will complete a share swap whereby such insider shareholders will sell Common Shares from their holdings and intend to subscribe for a corresponding number of Common Shares under the Private Placement.

    Completion of the Private Placement will be subject to regulatory approval, including the approval of the Toronto Stock Exchange, and certain other customary conditions including, but not limited to, execution of subscription agreements between the Company and the subscribers.

    Net proceeds of the Private Placement will be used towards ongoing work programs in Chile and Argentina as well as for general corporate purposes.

    The Company has also secured a US$525,000 credit facility (the "Facility") evidenced by a debenture (the "Debenture") to provide additional financial flexibility to fund general corporate purposes. The Debenture is unsecured and has a term of six months from the issue date of the Debenture (the "Maturity Date"). No interest is payable during the term of the Debenture, however, any amount of the Facility remaining unpaid and outstanding on or after the Maturity Date shall bear interest at a rate of 5.00% per annum until repaid in full.

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    NGEx Announces Private Placement for Gross Proceeds of Up to CDN $8 Million VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 26, 2016) - NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES NGEx Resources Inc. (TSX:NGQ)(NASDAQ OMX:NGQ) ("NGEx" or the …