Metalex Ventures announces that it received shareholder approval at the Company's November 24, 2022 annual general meeting, a new deferred share unit plan for non-employee directors. The DSU Plan provides for the grant of deferred share units to non-employee directors. A maximum of 10% of the outstanding common shares of the Company, less any shares set aside under the Company's other share based compensation arrangements [...]
Metalex Ventures announces that, further to news releases on November 22, 25, 28 and 29, 2022 announcing a private placement, the Company has closed the final tranche of the Offering, resulting in proceeds of $1,137,020. The Final Tranche consisted of the issuance of 18,117,000 flow through units and 1,000,000 non flow through units. The FT Units were issued at $0.06 per FT Unit and are comprised of a flow through share [...]
Metalex Ventures announces that, further to its news releases of Nov 22, Nov 25 and Nov 28, 2022 announcing a private placement, the Company has closed the first tranche of the Offering and has received $1,142,100 by the issuance of 19,035,000 flow through units. The FT Units were issued at $0.06 per FT Unit and are comprised of a flow through share and one-half of a non-flow through warrant. Each whole warrant entitles [...]
Metalex Ventures announces that, further to its news releases of Nov 22 and Nov 25, 2022, it has further increased its Offering to a total of $2,267,100 from the previously announced $2,000,000. All other aspects of the Offering remain as disclosed in the November 22nd news release. Signed, Charles Fipke Charles Fipke Chairman Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the [...]
Metalex Ventures announces that, further to its news release of November 22, 2022, it has increased its Offering to up to a total of $2,000,000 from the previously announced $600,000. All other aspects of the Offering remain as disclosed in the November 22nd news release. Signed, Charles Fipke Charles Fipke Chairman Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy [...]
Metalex Ventures announces that it will undertake a non-brokered private placement to raise gross proceeds of up to $600,000. The Offering will be comprised of a combination of flow through units and non-flow through units . The FT units will be priced at $0.06 per unit, with each FT unit comprised of one flow through share and one-half warrant; the Units will be priced at $0.05 per unit, with each Unit comprised of one [...]
Metalex Ventures Ltd. is pleased to report that four additional claim blocks have been applied for on its 100% owned Quebec project. Results have now been received from the 1,246 follow-up heavy mineral samples completed in 2021. These samples have identified four potential source areas. These areas have been staked and are currently awaiting final approval from the Quebec Department of Energy and Natural Resources. The [...]
Metalex Ventures announces that it has granted an aggregate of 300,000 deferred share units to two independent directors at a deemed price of $0.05 per DSU. The DSUs were granted in consideration for services provided by the directors for the quarter ended Jan 31, 2022. The DSUs were granted under DSU plans adopted in 2013. The DSUs vest immediately and entitle the holder to receive one share of the Company, or a cash [...]
Metalex Ventures Ltd. is pleased to report that drill targets have been identified in Block A5, south of Chibougamau Quebec, which contains strong gold and scandium results. Follow-up heavy mineral sampling as well as airborne magnetic and electromagnetic geophysical surveys were completed in 2021 and 2022 on five claim blocks in Quebec, 100% owned by Metalex. Block A5 is to be drilled this spring and summer and will be [...]
Metalex Ventures Ltd. is pleased to report that the geophysical results including airborne magnetics, electromagnetics and resistivity have finally been received from three of the highest priority gold areas and two high priority diamond areas in Quebec. In addition, heavy mineral picking results for ilmenite have been received in the strongly anomalous gold and scandium claim block located south of Chibougamau . A [...]
Metalex Ventures Ltd. announces that, in accordance with the Company's Stock Option Plan, it has granted an aggregate of 2,130,000 options to certain directors, officers, employees and consultants of the Company. The options are exercisable at a price of $0.08 and have a term of 7 years expiring June 30, 2028. The options also vest in their entirety at the end of 5 years, provided that if an optionee ceases to be a bona [...]
Metalex Ventures Ltd. is pleased to report that exceptionally anomalous amounts of ilmenite as well as highly anomalous scandium analyses of ilmenite-rich concentrates have been received for 22 of the 24 heavy mineral samples tested and collected on its 100% owned gold-scandium claims located 100km southeast of Chibougamau, Quebec. These results are consistent with the claims being underlain by an extensive massive [...]
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