2006-12-29 18:09:00 - News Release
Mr. Chris England reports
ARIMEX CLOSES BALANCE OF PRIVATE PLACEMENT
International Arimex Resources Inc. has closed the second and final tranche of its non-brokered private placement financing announced in Stockwatch on Nov. 29, 2006, to raise gross proceeds of approximately $201,800. The company will issue 580,000 non-flow-through units, at a price of 16 cents per unit, to 11 placees. Each unit consists of one common share and one common share purchase warrant, entitling the holder to acquire one common share for one year at an exercise price of 21 cents. The company will issue 605,555 flow-through units, at a price of 18 cents per unit, to three placees. Each unit consists of one flow-through common share and one common share purchase warrant, entitling the holder to acquire one common share for one year at an exercise price of 23 cents.
The shares and any shares acquired upon the exercise of the warrants are subject to a four-month hold period from the date of closing. In a Stockwatch news release dated Dec. 22, 2006, announcing the closing of the first tranche of the private placement, the finders\' fees were in error. The fees should have been as follows -- $19,362.40 is to be paid to Canaccord Capital Corp. Inc., as well as 97,644 agent\'s warrants exercisable for one year from the closing at a price 21 cents, plus 117,600 agent\'s warrants exercisable for one year from the closing at a price of 23 cents.
A fee of $8,803 is to be paid to Haywood Securities Inc., as well as 30,000 agent\'s warrants exercisable for one year from the closing at a price 21 cents, plus agent\'s warrants exercisable for one year from the closing at a price of 23 cents.
The finders\' fees for the second and final tranche is as follows.
A fee of $4,224 is to be paid to Dundee Securities, as well as 26,400 agent\'s warrants exercisable for one year from the closing at a price of 21 cents. A fee of $6,000 is to be paid to Limited Market Dealer Inc., as well as 80,000 agent\'s warrants exercisable for one year from the closing at a price 23 cents. A due diligence fee of $2,000 is also to be paid.
The private placement is subject to the approval of the TSX Venture Exchange.
We seek Safe Harbor.
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