Rex Resources Corp. (TSE:OWN) has released an update.
Rex Resources Corp. has successfully completed its non-brokered private placement, issuing 5.15 million units at $0.05 each for total proceeds of $257,500, intended for general working capital. Insiders participated, purchasing $50,000 of the placement, under terms compliant with regulatory exemptions. The funds raised will bolster the mineral exploration company’s financial flexibility for future endeavors.
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