REX IS IN BETA AND SO IS THIS WEBSITE. VISIT OUR ARCHIVES.
Press ReleaseDownload PDF
Wednesday, January 12, 2022Download PDF
Toronto, Ontario – December 7, 2021 – REX Opportunity Corp. (“REX” or the “Corporation”) is pleased to announce that it has closed a non-brokered private placement (“Offering”) of1,080,000 Units at a price of $0.25 per Unit for aggregate gross proceeds of$270,000. 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 (1)common share of REX at an exercise price of $0.45 for a period of two years from the date REX’s common shares are listed for trading on a recognized Canadian stock exchange, subject to accelerated expiry in the event the common shares trade at a 5-day VWAP at or above $0.60. All securities issued in connection with the Offering are subject to a hold period of four months and one day. In connection with the Offering, the Corporation paid cash finder’s fee of $16,200 and issued64,800 broker warrants ("Broker Warrants"). Each Broker Warrant will entitle the holder to acquire one (1) common share of REX (“Broker Warrant Share”) at a price of $0.25 for a period of two (2) years from the date REX’s common shares are listed for trading on a recognized Canadian stock exchange.
REX intends to use the proceeds of the Offering to continue developing and implementing its business strategy of creating and acquiring royalty interests in creators’ YouTube channels.
REX is developing and implementing a strategy of creating and acquiring royalty interests in creators’ YouTube channels. We offer the opportunity to invest directly in creators. With REX, investors share in the growth of the content industry.
For further information contact:
REX Opportunity Corp.
Chief Executive Officer
Douglas Ibbitson, CFA
Chief Investment Officer
No securities regulatory authority, stock exchange or regulatory services provider has reviewed or accepts responsibility for the content of this release.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities of the Corporation will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act”), and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.