Plexmar Resources Inc.
TSX VENTURE : PLE

Plexmar Resources Inc.

October 17, 2005 08:00 ET

Plexmar: Update on Private Placement

QUEBEC CITY, QUEBEC--(CCNMatthews - Oct. 17, 2005) - Plexmar Resources Inc. (TSX VENTURE:PLE), is still negotiating the private placement previously announced and under which a first closing of $328,000 was done on Sept.22, 2005.(See release of Sept. 22,2005). The Company is raising a maximum of $900,000 at a price of $0.05 with one warrant per share at $0.10 valid for a period of 24 months after closing. The private placement is expected to close shortly.

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

Contact Information

  • Plexmar Resources Inc.
    Guy Bedard
    president
    (418) 658-6776
    (418) 658-8605 (FAX)
    e-mail : info@plexmar.com
    website : www.plexmar.com
    or
    Paradox Public Relations
    1-866-460-0408
    1-514-341-0408