Goldex Resources Corporation announced a non-brokered private placement of up to 3,250,000 units at a price of CAD 0.06 per unit for gross proceeds of up to CAD 195,000 on October 6, 2023. Each unit will consist of one common share of the company and one transferable common share purchase warrant. Each warrant will entitle the holder thereof to purchase one share at a price of CAD 0.10 for a period expiring five years from the date of issuance.

The transaction will include participation from an insider for 2,125,000 units. Closing of the offering is subject to the receipt of all necessary corporate and regulatory approvals, including the TSX Venture Exchange. All securities issued in connection with the offering will be subject to a statutory hold period of four months plus one day from the date of completion of the offering, in accordance with the applicable securities legislation.