Vancouver (pcJ News Briefs) – Essex Minerals Inc. (TSX-V: ESX) has completed its proposed initial public offering (IPO), issuing 3,549,007 common shares at $0.15 per share, and 1,000,000 flow-through shares at a price of $0.20 per share for gross proceeds of $732,351.05.
Canaccord Genuity Corp. acted as agent on the offering.
Ascendion Law and Legacy Tax + Trusts Lawyers acted as legal counsels to Essex Minerals while Miller Thomson LLP acted on behalf of the agent.
Essex Minerals’ common shares are expected to commence trading on the TSX Venture Exchange at that open on March 17, 2017 under the trading symbol “ESX.”
Essex Minerals intends to use proceed for its exploration program on the Melba Property, located in the interior Plateau area of south central British Columbia, approximately 30 kilometers south of Kamloops, as soon as weather conditions allow.
Essex Minerals Inc. is a natural resource company engaged in the acquisition and exploration of mining properties. The company’s main emphasis is on the exploration for copper and gold in the Kamloops Mining Division, British Columbia where the company has acquired an option to acquire a 100% undivided interest in the Melba Property.