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International Enexco Announces Non-Brokered Private Placement

February 17, 2014



ENP Newswire - 17 February 2014

Release date- 14022014 - Vancouver, Canada - International Enexco Limited (TSX-V: IEC; OTCQX: IEXCF; Frankfurt: IE6) wishes to announce that it will issue up to 1,666,667 Units at a price of CDN$0.30 per unit for aggregate proceeds of CDN$500,000 on a non-brokered private placement basis.

Each Unit consists of one share and one common share purchase warrant ('warrant'). Each warrant will entitle the holder to acquire one common share of the issuer at a price of CDN$0.40 per common share for a period of 18 months from the closing. Finder's fees payable in cash may be paid on portions of the placement

The proceeds from the private placement will be used for the exploration and development of the Mann Lake Uranium Project, the Contact Copper project in Nevada, and for general working capital. The foregoing is subject to regulatory approval.

About International Enexco Limited

International Enexco Limited is a North American exploration and development company focused on the feasibility stage, 100% owned, Contact Copper project in northern Nevada and the Mann Lake and Bachman Lake Uranium projects located in Saskatchewan's prolific Athabasca Basin. The Mann Lake project is a joint venture with Cameco (52.5%) as operator, Enexco (30%) and AREVA (17.5%) - two of the world's largest uranium companies. The Bachman Lake project is a joint venture with Denison (80%) as operator and Enexco (20%).

Contact:

G. Arnold Armstrong

President & CEO

International Enexco Limited

Tel: +1 604 669 8368

Email: info@enexco.ca

Certain information regarding the Company including management's assessment of future plans and operations, may constitute forward-looking statements under applicable securities laws and necessarily involve risks associated with mining exploration and development, volatility of prices, currency fluctuations, imprecision of resource estimates, environmental and permitting risks, access to labour and services, competition from other companies and ability to access sufficient capital.

As a consequence, actual results may differ materially from those anticipated in the forward-looking statements. A feasibility study has not been completed and there is no certainty the disclosed targets will be reached nor that the proposed operations will be economically viable. The TSX Venture Exchange or its Regulation Services Provider have not reviewed and do not accept responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by management.


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Source: ENP Newswire


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