ZEOX Corporation (TSX-V: ZOX) has closed the final tranche of their private placement. The company had placed 6,063,500 units at a price of $0.1725 per unit which resulted in gross proceeds of $1,045,953.75. Each unit consists of one common share of the company and one common share purchase warrant. Each warrant can be exercised for one common share of the company at a price of $.27 per common share for a period of 12 months ending December 4, 2010.
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The total placement was for 10,162,900 units for aggregate gross proceesd of $1,753,100.25. Mr. Eyde, an officer and directors of the company has also sold 2,931,520 of his ZEOX shares in a private transaction in order to participate in the private placement.
ZEOX Corporation (ZEOX) is engaged in the processing and distribution of zeolites for use in environmental and industrial markets in Canada, the United States and internationally. The Company is engaged in the development, product mining, processing and distribution of non-metallic minerals, particularly zeolites.
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