KELOWNA,
BC, July 31, 2023 /CNW/ - Metalex Ventures
Ltd. (TSXV: MTX) (the "Company") announces that, further to
news releases on July 21 and
July 28, 2023 announcing a private
placement ("the Offering"), the Company has closed the Offering,
resulting in gross proceeds of $520,000. The Offering consisted of the
issuance of 10,400,000 flow through shares (the "FT Shares"),
issued at $0.05/FT Share.
All securities issued in the final tranche of the Placement are
subject to a hold period expiring December
1, 2023. Finders' fees of $25,900 were paid in connection with this
Placement.
Proceeds from the Offering will be used to fund qualified
exploration expenditures on the Company's claim blocks in its 100%
owned Quebec project.
Signed,
Chad Ulansky
Chad Ulansky
President and CEO
FORWARD LOOKING STATEMENTS: Certain of the statements and
information in this press release constitute "forward-looking
statements" or "forward-looking information", including statements
regarding the expected use of proceeds of the private placement.
Further, any statements or information that express or involve
discussions with respect to predictions, expectations, beliefs,
plans, projections, objectives, assumptions or future events or
performance (often, but not always, using words or phrases such as
"expects", "anticipates", "believes", "plans", "estimates",
"intends", "targets", "goals", "forecasts", "objectives",
"potential" or variations thereof or stating that certain actions,
events or results "may", "could", "would", "might" or "will" be
taken, occur or be achieved, or the negative of any of these terms
and similar expressions) are not statements of historical fact and
may be forward looking statements or information. The Company's
forward-looking statements and information are based on the
assumptions, beliefs, expectations and opinions of management as of
the date of this press release, and other than as required by
applicable securities laws, the Company does not assume any
obligation to update forward-looking statements and information if
circumstances or management's assumptions, beliefs, expectations or
opinions should change, or changes in any other events affecting
such statements or information. For the reasons set forth above,
investors should not place undue reliance on forward-looking
statements and information. Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
SOURCE Metalex Ventures Ltd.