Geodex Minerals Ltd.

Geodex Minerals Ltd.

May 29, 2013 19:06 ET

Geodex Announces Flow Through Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 29, 2013) - Geodex Minerals Ltd. (TSX VENTURE:GXM)(FRANKFURT:G2W) ("Geodex") announces that it will proceed with a non-brokered flow through private placement of up to 1,666,666 million shares of Geodex (the "Shares") at $0.06 per Share to raise $100,000.

Proceeds from the private placement will be used for the drill program on the Dungarvon Project in New Brunswick to test the Peaked Mountain tungsten-molybdenum target and advance the South Dungarvon tin target, as well as for other exploration work.

Geodex may pay finder's fees on a portion of the financing in accordance with TSX Venture Exchange guidelines. All securities issued on the proposed private placement will be subject to a four month hold period. The placement is subject to the approval of the TSX Venture Exchange.

About Geodex

Geodex is a mineral resource company focused on New Brunswick, Canada. Geodex has continued to actively develop its exploration portfolio focused on the discovery of critical metals in New Brunswick. Its current main focus is the Dungarvon Tungsten-Molybdenum Project. Geodex has operated for a decade in New Brunswick where it has had a number of discovery and development successes including Sisson and Mount Pleasant West.



Mark Fields, President & CEO

Forward-Looking Statement

Certain information regarding Geodex contained in this press release may constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements may include estimates, plans, opinions, forecasts, projections or other statements that are not statements of fact. Although Geodex believes that expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Geodex cautions that actual performance will be affected by a number of factors, many of which are beyond Geodex's control, and that future events and results may vary substantially from what Geodex currently foresees.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Geodex Minerals Ltd.
    Investor Relations
    (604) 689-7771 or Toll free: 1-888-999-3500
    (604) 689-5528 (FAX)