Proceeds of a $1-million private placement will be used by Samex Mining (sxg-v) to continue exploration and drilling on the Santa Isabel project in Bolivia.
The company recently closed a 2-million special warrant financing at a price of 50cents per warrant. Each warrant entitles the holder to one unit, comprising one common share and one share purchase warrant to buy an additional share at 75cents. The warrant can be excercised anytime before March 28, 1999.
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