Plexmar Resources Inc.

Plexmar Resources Inc.

July 13, 2010 14:30 ET

Private Placement Price Amendment

QUEBEC CITY, QUEBEC--(Marketwire - July 13, 2010) - Plexmar Resources Inc. (TSX VENTURE:PLE) reports that the Units pricing for the private placement announced on June 18th was revised to $0.06 per share with the warrant exercise price at 0.12$ per share to reflect market conditions. Warrants will be valid for 18 months after closing. A total of 15,833,333 Units are offered in a non-brokered private placement for gross proceeds of up to $950,000.

Neither 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.

This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions.

177 M shares outstanding

Contact Information

  • Guy Bedard, president
    418-658-6776 ext.107
    Paradox Public Relations: