ZEOX Closes Final Tranche of Non-Brokered Private Placement
December 10 2009 - 8:44AM
Marketwired
Mr. Garold R. Spindler, Chairman and CEO of ZEOX Corporation (The
"Company" or "ZEOX") (TSX VENTURE: ZOX)(FRANKFURT: ZED), is pleased
to announce the Company has closed the second and final tranche of
the non-brokered private placement. The Company placed 6,063,500
Units at a price of $.1725 per Unit for gross proceeds of
$1,045,953.75. Each Unit consists of one common share of the
Company and one common share purchase warrant. Each warrant is
exercisable into one common share of the Company at a price of $.27
per common share for a period of twelve months ending December 4,
2010.
In total, the Company placed 10,162,900 Units for gross proceeds
of $1,753,100.25.
Further, Mr. Eyde, an officer and director of ZEOX Corporation,
has sold 2,931,520 of his ZEOX shares in a private transaction in
order to participate in the Company's private placement and
invested the majority of his net proceeds.
All the securities issued in connection witht the private
placement are subject to a four month hold period expiring April 5,
2010. The proceeds of this private placement are intended to be
used to fund working capital requirements and improvements at the
Company's Ash Meadows and Bowie Mines.
For a more complete business and financial profile of the
Company, management encourages interested parties to view the
Company's documents posted on www.sedar.com and at the Company's
website www.zeoxcorporation.com.
On behalf of the Board of Directors
Garold R. Spindler, Chairman and CEO
Neither the TSX Venture Exchange Inc. nor its Regulation Service
Provider (as that term is defined in the policies of the TSX
Venture Exchange Inc.) accepts responsibility for the adequacy or
accuracy of this press release.
Contacts: ZEOX Corporation Michael Shea Chief Financial Officer
(203) 210-5614 (203) 210-5763 (FAX) mshea@zeoxcorp.com
www.zeoxcorporation.com
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