SAMEX Mining Corp.
OTC Bulletin Board : SMXMF

SAMEX Mining Corp.

April 18, 2008 14:35 ET

SAMEX Mining Corp.: Private Placement Completed

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 18, 2008) - SAMEX (TSX VENTURE:SXG)(OTCBB:SMXMF) has completed a private placement of 2,565,000 units comprised of one common share and one-half of a share purchase warrant at a price of $0.60 per unit (originally announced in News Release No. 3-08 dated March 28, 2008). One full warrant entitles the holder to purchase an additional common share at a price of $0.70 per share if exercised at any time during the three year term of the warrant which expires April 15, 2011. The units (2,565,000 shares and 1,282,500 warrants) have been issued and are subject to a hold period until August 16, 2008. The proceeds of the private placement will be used for expenditures on the Company's mineral properties and for general working capital.

Larry McLean, Vice President - Operations

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

Contact Information

  • SAMEX Mining Corp.
    Jeffrey Dahl
    (604) 870-9920 or Toll Free: 1-800-828-1488
    (604) 870-9930 (FAX)