NGEx Minerals Ltd. announced a non-brokered private placement of up to 25,000,000 common shares at a price of CAD 0.80 per share for gross proceeds of CAD 20,000,000 on October 13, 2021. The transaction will be subject to regulatory approval, including the approval of the TSX Venture Exchange and certain other customary conditions including, but not limited to, execution of subscriptions between the company and the subscribers. The company may pay a 5% finder?s fee in cash or common shares on all or a portion of the private placement. The shares will be subject to a hold period of four months plus one day.