Prominex Resource Corp.

Prominex Resource Corp.

July 06, 2009 14:33 ET

Prominex Closes Complete Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 6, 2009) - Prominex Resource Corp. (TSX VENTURE:PXR) announced today that further to its news release of June 11, 2009, it has received all approvals and has closed its private placement announced on May 29, 2009. A treasury order has been issued for 4,450,000 common shares. In addition, the company announced today the extension of the expiry date of the 11,840,000 common share purchase warrants that were issued in connection with Prominex's November 2007 private placement.

Pursuant to Corporate Finance Policy 4.1, Section l.11(d), the TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced May 29, 2009:

Number of Shares: 4,450,000 shares

Purchase Price: $0.025 per share

Share Hold Period: June 30, 2009 to November 2, 2009

Warrants: 4,450,000 share purchase warrants to purchase 4,450,000 shares

Warrant Exercise Price: $0.05 for a one year period (to June 30, 2010)

The TSX Venture Exchange has consented to the extension in the expiry date of the following warrants:

Number of Warrants: 11,840,000

Original Expiry Date of Warrants: July 22, 2009

New Expiry Date of Warrants: July 22, 2010

Exercise Price of Warrants: $0.13

These warrants were issued pursuant to a private placement of 11,840,000 shares with 11,840,000 share purchase warrants attached, which was accepted for filing by the Exchange effective November 9, 2007 and November 22, 2007.


James O'Reilly

Daren Collins

Harold Wareham

Paul O'Brien

Michael Collins

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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