Rex Resources Launches $250K Private Placement

Rex Resources Corp. (TSE:OWN) has released an update.

Rex Resources Corp., a mineral exploration company, has announced a non-brokered private placement aiming to raise up to $250,000 by offering 5 million units at $0.05 each. These units include one common share and a half-warrant, where each full warrant allows purchasing another share at $0.075 within two years. The funds raised are intended for general working capital purposes, with the placement contingent on TSX Venture Exchange approval.

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