Norex Exploration Services Inc.

Norex Exploration Services Inc.

May 15, 2009 13:18 ET

Norex Exploration Services Inc. Announces Closing of $3.8 Million Equity Financing

CALGARY, ALBERTA--(Marketwire - May 15, 2009) - Norex Exploration Services Inc. (TSX:NRX) ("Norex" or the "Company") is pleased to announce the closing today of its previously announced $3.795 million non-brokered private placement. In connection with the private placement, Norex issued 15.18 million common shares priced at $0.25 per share. The private placement received the approval of the eligible shareholders at the Company's annual and special meeting held on May 14, 2009.

Norex, and its divisions Conquest Seismic Services and US subsidiary, Conquest Seismic Services, Inc., provide premium 2D, 3D, 4D and 3C land-based seismic data acquisition services in Canada and the United States. Norex is the largest operator of ARAM-ARIES® recording equipment in Canada and provides state-of-the-art technology to the North American oil and gas industry. Norex trades on the TSX under the symbol "NRX".

Requests for shareholder information should be directed to the contacts below.

Contact Information

  • Norex Exploration Services Inc.
    Mr. Paul Crilly
    President and CEO
    (403) 216-5929
    Norex Exploration Services Inc.
    Mr. Graham Reid, CA
    VP Finance and CFO
    (403) 216-5929