IDEX Metals (IDEX.V) has now closed its previously announced financing, priced at C$0.60. Originally announced as a C$2M financing, the company was able to upsize the placement and ultimately issued almost 8.9 million units. Each unit consists of one common share as well as a half warrant. Each full warrant allows the warrant holder to acquire an additional share at C$0.90 for a period of two years.
The drill program on its flagship project in Idaho is ongoing, and we hope to see additional assay results in the near future.
Disclosure: The author has a small long position in IDEX Metals. IDEX is a sponsor of the website. This post is for educational purposes only; be mindful investing in junior mining stocks is risky and you may lose your entire investment if things go wrong. Please read the disclaimer.
