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Press ReleaseDownload PDF
Friday, January 8, 2021Download PDF
September 1, 2020
Rex Opportunity Corp. (“Rex” or the “Corporation”) is pleased to announce that it has closed a second tranche of a previously announced non-brokered private placement (“Offering”) with the issuance of an additional 825,000 Units at a price of $0.20 per Unit for additional aggregate gross proceeds of $165,000. Rex closed the first tranche of the offering on June 26, 2020 (see June 29, 2020 press release) with gross proceeds of $250,000.
Each Unit consists of one (1) common share of Rex and one (1) common share purchase warrant with each 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 of issuance. 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 for planning, evaluating, developing and implementing an internally generated business strategy intended to pivot the Corporation to investing in content creators and influencers (see June 24, 2020 press release).
For further information contact:
Rex Opportunity Corp.
Jim Boyle, CEO