egX Group Inc.

egX Group Inc.

September 12, 2008 21:58 ET

egX Announces Non-Brokered Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 12, 2008) - egX Group (TSX VENTURE:GFG) announces that it plans to complete, subject to the approval of the TSX-V, a non-brokered private placement of up to 10,000,000 units of the Company at a price of $0.15 per unit for total gross proceeds of $1,500,000.

Each unit consists of one common share and one-half of a non-transferable warrant. Each whole warrant entitles the holder to acquire one additional common share, exercisable at a price of $0.25 per share for a period of 24 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, expected fall 2008, and ongoing operations. A finder's fee may be payable in accordance with the policies of the TSX-V.

The Company, pursuant to its stock option plan, has granted incentive stock options to its directors and officers to purchase 1,700,000 common shares in the capital stock of the company, exercisable for a period of 3 years, at a price of $0.35 per share and 600,000 common shares in the capital stock of the company, exercisable for a period of 3 years, at a price of $0.17 per share. These options are subject to a four-month hold period and vest over a 2 year period.

About egX Group

egX Group is developing egX, a global securities marketplace designed for the listing and trading of real estate and infrastructure. 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 is made available at

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

Contact Information