ATEX Resources Inc (TSE:ATX) has released an update.
ATEX Resources Inc. has successfully completed a private placement, raising C$500,000 by issuing 337,837 common shares to their new board member, Chris Beer. The funds will support further exploration at the Valeriano Copper Gold Project and for general corporate purposes. The placement, involving a related party transaction with Beer, adheres to regulatory exemptions and is accompanied by a four-month hold period on the newly issued shares.
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