Geologix announces $3M brokered private placement

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By CPE News

Vancouver (pcJ News Briefs) – Geologix Explorations Inc. (TSX-V: GIX; FSE/BERLIN/MUN/STUT: GF6) has retained Eight Capital to act as lead agent for a “best efforts” private placement of units of shares for gross proceeds of up to $3,000,000.

Net proceeds will be used for exploration and development expenditures at the company’s Tepal Gold/Copper Project, working capital and general corporate purposes.

Geologix Explorations Inc. is a mineral exploration and development company focused on acquiring, exploring, and developing mineral resource opportunities with the potential to host profitable mining operations. The company’s primary focus is the Tepal Gold/Copper Project in Michoacán state, Mexico.

photo credit: Geologix Explorations