TGX closes private placement for $120,000
The Company issued 1,200,000 units at $0.10 per unit, each comprising one common share and one warrant exercisable at $0.13 until April 6, 2027.
TGX Energy & Resources Inc. closed a non-brokered private placement on April 6, 2026, issuing 1,200,000 units at a price of $0.10 per unit for aggregate gross proceeds of $120,000.
Each unit comprises one common share and one common share purchase warrant. Each warrant is exercisable to acquire one common share at $0.13 until April 6, 2027.
Proceeds are directed to exploration activity on the Company's rare earth project in the Yukon, updating technical reports, evaluating resource acquisition and investment opportunities, and general working capital.
Source: Q1 2026 management discussion and analysis, for the three months ended March 31, 2026.
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