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NGEx placement upsized to C$175m

17th October 2024

By: Creamer Media Reporter

     

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Owing to strong demand, Canadian exploration company NGEx Minerals has upsized its previously announced private placement from C$100-million to C$175-million.

The TSX-listed firm will now place about 15.91-million shares at C$11 a share.

Net proceeds of the private placement will be used towards furthering exploration programmes at the Lunahuasi project in San Juan province, Argentina, continued exploration and maintenance of the Los Helados project located in Region III, Chile, as well as for general corporate and working capital purposes.

Both projects are located within the Vicuñad district, which includes the Caserones mine, and the Josemaria and Filo del Sol deposits.

Edited by Creamer Media Reporter

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