Portex Minerals Inc (DB:5S7N) announced a private placement of 7,500,000 units at a price of CAD 0.10 per unit for proceeds of CAd 750,000 on October 9, 2015. Each unit consists of one common share and one share purchase warrant. Each warrant entitles the holder to purchase one common share of the company at an exercise price of CAD 0.10 per share for a period of two years from the date of closing.

The securities issued are subject to a hold period of four months from the date of closing. The company may pay finder's fees in the transaction.