egX Group Inc.
TSX VENTURE : GFG

egX Group Inc.

November 08, 2007 07:30 ET

egX Announces Non Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 8, 2007) - egX Group (TSX VENTURE:GFG), announces that it plans to complete, subject to the approval of the TSX Venture Exchange, a non-brokered private placement of up to 2,000,000 units of the Company at a price of $0.25 per unit for total gross proceeds of $500,000.

Each unit consists of one common share and one non-transferable share purchase warrant entitling the holder to purchase one additional common share of the Company at a price of $0.60 per share for a period of 12 months from the date of closing, subject to acceleration on the occurrence of certain events.

The proceeds of the private placement will be used for the continuing deployment of egX Canada and ongoing operations. A finder's fee may be payable in accordance with the policies of the TSX Venture Exchange.

About egX Group

egX Group is developing the egX, a global securities marketplace designed for the listing and trading of real estate and related financial products. The Company is preparing to launch its first marketplace in Canada under egX Canada, a wholly-owned subsidiary of egX Group. To achieve global presence and to penetrate international markets under the egX brand, egX Group is partnering with interested parties established in the key international financial centers in Europe, the Middle East, the Asia-Pacific region, and the Americas. Additional information, including the Company's business plan is made available at www.egXWorld.com.

The TSX Venture Exchange has neither approved nor disapproved the information contained herein.

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