On April 25, 2024, Rex Resources Corp. closed the transaction. The company issued 5,150,000 units at a price of CAD 0.05 per unit for gross proceeds of up to CAD 257,500. The transaction included participation from certain insiders of the company for CAD 50,000. The company paid an aggregate of CAD 9,200 in cash finder?s fees to two arm?s length parties, being Canaccord Genuity Corp. as CAD 2,400 and Research Capital Corporation as CAD 6,800.
The company announced that the TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 29 placees, 2 insiders for CAD 1,000,000, four pro groups for CAD 730,000.