SAMEX Mining Corp.
TSX VENTURE : SXG
OTC Bulletin Board : SMXMF

SAMEX Mining Corp.

January 16, 2006 13:42 ET

SAMEX Mining Corp.: Private Placement

ABBOTSFORD, BRITISH COLUMBIA--(CCNMatthews - Jan. 16, 2006) - SAMEX (TSX VENTURE:SXG)(OTCBB:SMXMF) has arranged a private placement of 3,610,000 units comprised of one common share and one-half of a share purchase warrant at a price of $0.70 per unit. One full warrant will entitle the holder to purchase an additional common share at a price of $0.78 per share if exercised at any time during the three year term of the warrant. The share/warrant units will be subject to a four-month hold period. The proceeds of the private placement will be used for expenditures on the Company's mineral properties and for general working capital. Directors/Officers of the Company are placees for an aggregate of 230,000 units. Finders fees or other compensation may be payable with respect to a portion of the placement. The private placement is subject to regulatory acceptance.

Jeffrey Dahl, President


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

Contact Information