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Press ReleaseDownload PDF
Monday, February 1, 2021Download PDF
February 1, 2021
REX Opportunity Corp. ("REX" or the "Corporation") is pleased to announce that it has closed a non-brokered private placement ("Offering") of 1,480,000 Units at a price of $0.25 per Unit for aggregate gross proceeds of $370,000. Each Unit consists of one (1) common share of REX and one (1) common share purchase warrant with each whole warrant exercisable to purchase one common share of REX at an exercise price of $0.35 for a period of two years from the date REX's common shares are listed for trading on a recognized Canadian stock exchange. All securities issued in connection with the Offering are subject to a hold period of four months and one day. No fees or commissions were paid in connection with the Offering.
REX intends to use the proceeds of the Offering to continue developing and implementing its business strategy of investing in content creators and influencers by acquiring interests in their content and channels.
REX is developing and implementing a strategy of acquiring interests in creators' content and channels, rolling them into a public company to offer the opportunity to invest directly in creators. With REX, creators and investors will have the opportunity to share in the growth of the content industry.
For further information contact:
Doug Ibbitson, CIO