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Message: Re: NEWS - Ontex Resources Limited Completes Non-Brokered Private Placement

What is the status of the announced ----;

What is the status of the previously announced brokered private placement for up to $3,900,000 led by Primary Capital Inc., which was scheduled to close in September?

News: Ontex Resources Limited Announces Private Placements

London, Ontario, August 27, 2008 - Ontex Resources Limited (TSX: ONT) is pleased

to announce that it has entered into an agreement in connection with an offering of up to

$3,900,000 based on concurrent offerings of up to 3,000,000 flow-through units (“FT

Units”) at a price of $0.50 per FT Unit and up to 6,000,000 non-flow-through units

(“Units”) at a price of $0.40 per Unit. -----.

The offering led by Primary Capital Inc. is expected to close on or about September 16, 2008 or such other date as agreed to by the Company and Primary Capital Inc. The non-brokered (Pinetree) private placement is expected to close by September 5, 2008.

News: Sep 5, 2008 - Ontex Resources Limited (ONT) is pleased to announce that it completed today its previously announced non-brokered (Pinetree) private placement for gross proceeds of $500,000.

The non-brokered private placement is addition to the previously announced brokered private placement for up to $3,900,000 led by Primary Capital Inc., which is scheduled to close later this month. -----------.

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Oct 05, 2008 02:29PM
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