NGEx Minerals Ltd. announced that it has received CAD 85.65999 million in funding from Lorito Holdings S.à R.L., Zebra Holdings And Investments S.à R.L., Nemesia S.À R.L.
On August 11, 2023, NGEx Minerals Ltd. closed the transaction. The Company sold an aggregate of 13,178,460 common shares at a price of CAD 6.50 per Common Share for gross proceeds of CAD 85,659,990. In connection with the Private Placement, the Company paid a 5.0% finder's fee in cash on a portion of the Private Placement. The Common Shares issued under the Private Placement will be subject to a hold period expiring on December 12, 2023.
On August 25, 2023, the company announced that the transaction has been accepted by the TSX Venture Exchange .