Corex Gold Corp (CGE)

[doinit]

latest news,,,Nov.2nd here
News Releases

Mon Nov 2, 2015
Corex Announces Non-Brokered Private Placement for up to $1,000,000

"NOT FOR DISTRIBUTION TO U.S NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES"

Vancouver, BC -- November 2, 2015 - Corex Gold Corp. (the "Company") is pleased to announce a non-brokered private placement of up to 20,000,000 units at a price of CAD$0.05 per unit, for aggregate gross proceeds of up to CDN $1,000,000. Each Unit will consist of one common share and one-half of one non-transferable share purchase warrant. Each whole warrant will be exercisable by the holder to acquire one additional common share at a price of CAD$0.15 for a period of twenty four (24) months following the closing of the financing.

The net proceeds from this private placement will be used for Corex's Santana project and for general working capital purposes. The proposed financing is subject to the approval of the TSX Venture Exchange. All securities issued pursuant to the Offering will be subject to a statutory four month hold period under applicable securities laws. Finders' fees in cash or warrants may be payable in accordance with the policies of the Exchange.

The Company also advises that up to 4,000,000 stock options having an exercise price of $.05 per common share have been granted to various directors, officers and consultants of the Company. The options have been granted in accordance with the terms of the Company's 10% rolling Stock Option Plan and the Policies of the TSX Venture Exchange.


About Corex Gold Corp

Corex Gold Corp is a Canadian resource company focused on the acquisition, exploration, and development of precious/base metal deposits in Mexico including its 100% owned flagship property, the Santana Project, which is in Sonora State, Mexico. In addition, Goldcorp Inc. has implemented an on-going exploration program on Corex's 100% owned Zuloaga property in Zacatecas State, Mexico.

ON BEHALF OF THE BOARD

"Craig D. Schneider"
President & CEO