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Set Up E-mail Alerts For Press Releases » RSS Feed For Press Releases »TORONTO, ONTARIO -- (MARKET WIRE) -- 07/02/09 -- RX Exploration Inc. (the "Company") (CNSX: RXE) is pleased to announce that on June 30, 2009, the Company completed private placements totaling $1,679,700 consisting of a non-brokered private placement of 5,143,500 units and a brokered private placement of 3,255,000 units through IBK Capital Corp. Each unit consisted of one common share and one share purchase warrant. Each warrant entitles the holder to purchase one additional common share for two years at $0.40 per share (the expiry date shall be accelerated to thirty days from the tenth consecutive trading day on which the common shares of the Company close at or above $0.60). The securities issued are subject to a four month hold period. Cash commissions in the amount of $58,590 (9%) were paid and 325,500 (10%) broker's warrants were issued in connection with the brokered portion of the offerings resulting in total net proceeds to the Company in the amount of $1,621,110 which will be used primarily for general administrative expenses and working capital. The broker's warrants are exercisable at $0.20 per share for a two year period. The Company previously completed on April 24, 2009 a tranche of financing through IBK Capital Corp. of 1,225,000 units on the same terms as aforesaid resulting in net proceeds of $219,735.24 which was used for exploration and development at the Drumlummon Mine in Marysville, Montana.
The Company is considering the driving of a new decline to give access to the Charly Vein, discovered by the company in 2008 where it calculated initial inferred resources of 155,518 tons containing 70,703 ounces of gold and 1,915,560 ounces of silver as reported in its news release dated November 25, 2008. The proposed portal will be collared on surface at mine level 465 and initially driven 2000 feet to the 600 level. As part of the design and planning functions for the decline, a pilot hole was cored along the approximate path of the decline. This pilot hole encountered what is believed to be the northern extension of the Drumlummon Vein, approximately 400 feet north of any known previous stoping. The vein appears similar to the Drumlummon as exposed in areas previously mined. Further down the hole, a second vein, believed to be the Empire was also intersected.
Assay results from the pilot hole are as follows:
Hole From (ft) To (ft) Intersection Gold Silver
---- -------- ------ Length (ft) Au oz/ton Ag oz/ton
------------ --------- ---------
09-100 550 562 12 0.237 0.55
and 1057 1059 2 0.404 2.55
The Company is also pleased to report the continuation of significant assay results from core holes drilled from the hanging wall of the Drumlummon/Castleton structural zone in the "D" Block area of the Drumlummon Mine. The Company previously reported (News Release May 12, 2009) that its current drill program, focusing on exploration of the "D" Block had encountered significant assay results from core holes drilled into the hanging wall and footwall of old workings in the "D" block. Drilling has continued from drill stations excavated in the new hanging wall drift.
Following are the latest significant assay results:
Hole From (ft) To (ft) Intersection Gold Silver
---- -------- ------ Length (ft) Au oz/ton Ag oz/ton
------------ --------- ---------
09-91 92 96 4 0.373 0.83
and 102 103.5 1.5 0.428 1.95
09-93 12 16 4 0.096 16.07
and 36 40 4 0.718 12.76
and 94 96 2 2.829 91.36
09-95 38 40 2 0.406 42.54
All drill core is logged and cut in half with diamond saw or core splitter. One half is bagged and shipped to Norris Lab in Norris, MT, while the other half is archived and stored on site. For Quality Control/Quality Assurance purposes, standards and blanks are randomly inserted into the sample stream. Selected samples are sent to ALS Chemex Lab, Reno, NV for verification assaying.
L. Joseph Bardswich, P.Eng. (Mining)(Ontario) is the qualified person responsible for providing the technical details contained in this press release.
The Company intends to complete a further offering of up to 25,000,000 units at a minimum price of $0.20 per unit. Each unit will consist of one common share and one share purchase warrant. Each warrant will entitle the holder to purchase one additional common share for two years at $0.40 per share (the expiry date shall be accelerated to thirty days from the tenth consecutive trading day on which the common shares of the Company close at or above $0.60). The securities issued will be subject to a four month hold period from closing. The Company may pay commissions of up to 9% and 10% broker's warrants where appropriate. The proceeds of the financing will be used for exploration and development at the Drumlummon Mine, particularly the driving of the new decline described above.
RX Exploration Inc. is a reporting issuer in good standing in the Province of Ontario whose shares are listed on CNSX (CNSX: RXE). There are currently 68,207,578 common shares issued and outstanding following completion of the private placement.
Forward Looking Statements: Statements made in this news release that relate to future plans, expectations, events or performances are forward looking statements. Such statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements.
CNSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Contacts: RX Exploration Inc. John F. O'Donnell Chairman of the Board (416) 862-7330 RX Exploration Inc. Murray R. Nye President (204) 989-2434
TORONTO, ONTARIO--(Marketwire - July 2, 2009) - RX Exploration Inc. (the "Company") (CNSX:RXE) is pleased to announce that on June 30, 2009, the Company completed private placements totaling $1,679,700 consisting of a non-brokered private placement of 5,143,500 units and a brokered private placement of 3,255,000 units through IBK Capital Corp. Each unit consisted of one common share and one share purchase warrant. Each warrant entitles the holder to purchase one additional common share for two years at $0.40 per share (the expiry date shall be accelerated to thirty days from the tenth consecutive trading day on which the common shares of the Company close at or above $0.60). The securities issued are subject to a four month hold period. Cash commissions in the amount of $58,590 (9%) were paid and 325,500 (10%) broker's warrants were issued in connection with the brokered portion of the offerings resulting in total net proceeds to the Company in the amount of $1,621,110 which will be used primarily for general administrative expenses and working capital. The broker's warrants are exercisable at $0.20 per share for a two year period. The Company previously completed on April 24, 2009 a tranche of financing through IBK Capital Corp. of 1,225,000 units on the same terms as aforesaid resulting in net proceeds of $219,735.24 which was used for exploration and development at the Drumlummon Mine in Marysville, Montana.
The Company is considering the driving of a new decline to give access to the Charly Vein, discovered by the company in 2008 where it calculated initial inferred resources of 155,518 tons containing 70,703 ounces of gold and 1,915,560 ounces of silver as reported in its news release dated November 25, 2008. The proposed portal will be collared on surface at mine level 465 and initially driven 2000 feet to the 600 level. As part of the design and planning functions for the decline, a pilot hole was cored along the approximate path of the decline. This pilot hole encountered what is believed to be the northern extension of the Drumlummon Vein, approximately 400 feet north of any known previous stoping. The vein appears similar to the Drumlummon as exposed in areas previously mined. Further down the hole, a second vein, believed to be the Empire was also intersected.
Assay results from the pilot hole are as follows:
Hole From (ft) To (ft) Intersection Gold Silver
---- -------- ------ Length (ft) Au oz/ton Ag oz/ton
------------ --------- ---------
09-100 550 562 12 0.237 0.55
and 1057 1059 2 0.404 2.55
The Company is also pleased to report the continuation of significant assay results from core holes drilled from the hanging wall of the Drumlummon/Castleton structural zone in the "D" Block area of the Drumlummon Mine. The Company previously reported (News Release May 12, 2009) that its current drill program, focusing on exploration of the "D" Block had encountered significant assay results from core holes drilled into the hanging wall and footwall of old workings in the "D" block. Drilling has continued from drill stations excavated in the new hanging wall drift.
Following are the latest significant assay results:
Hole From (ft) To (ft) Intersection Gold Silver
---- -------- ------ Length (ft) Au oz/ton Ag oz/ton
------------ --------- ---------
09-91 92 96 4 0.373 0.83
and 102 103.5 1.5 0.428 1.95
09-93 12 16 4 0.096 16.07
and 36 40 4 0.718 12.76
and 94 96 2 2.829 91.36
09-95 38 40 2 0.406 42.54
All drill core is logged and cut in half with diamond saw or core splitter. One half is bagged and shipped to Norris Lab in Norris, MT, while the other half is archived and stored on site. For Quality Control/Quality Assurance purposes, standards and blanks are randomly inserted into the sample stream. Selected samples are sent to ALS Chemex Lab, Reno, NV for verification assaying.
L. Joseph Bardswich, P.Eng. (Mining)(Ontario) is the qualified person responsible for providing the technical details contained in this press release.
The Company intends to complete a further offering of up to 25,000,000 units at a minimum price of $0.20 per unit. Each unit will consist of one common share and one share purchase warrant. Each warrant will entitle the holder to purchase one additional common share for two years at $0.40 per share (the expiry date shall be accelerated to thirty days from the tenth consecutive trading day on which the common shares of the Company close at or above $0.60). The securities issued will be subject to a four month hold period from closing. The Company may pay commissions of up to 9% and 10% broker's warrants where appropriate. The proceeds of the financing will be used for exploration and development at the Drumlummon Mine, particularly the driving of the new decline described above.
RX Exploration Inc. is a reporting issuer in good standing in the Province of Ontario whose shares are listed on CNSX (CNSX:RXE). There are currently 68,207,578 common shares issued and outstanding following completion of the private placement.
Forward Looking Statements: Statements made in this news release that relate to future plans, expectations, events or performances are forward looking statements. Such statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements.
CNSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
FOR FURTHER INFORMATION PLEASE CONTACT:
RX Exploration Inc.
John F. O'Donnell
Chairman of the Board
(416) 862-7330
RX Exploration Inc.
Murray R. Nye
President
(204) 989-2434
Source: RX Exploration Inc.
ROSEVILLE, Calif., July 2 /PRNewswire/ -- Rabobank, N.A. announced today that it will accept registered warrants issued by the State of California from its existing customers until further notice.
Rabobank is a community bank that realizes the current California budget crisis is negatively impacting its customers, and will begin accepting the registered warrants for deposit on July 2, 2009. Rabobank will continue to evaluate the crisis, and adjust this policy as necessary.
With 87 retail offices and 14 financial service centers, Rabobank serves the needs of communities from Sacramento to the Imperial Valley through local decision making and active community involvement by our employees. We offer personalized service and a full array of quality products to individuals, businesses, commercial real estate developers and investors, and agricultural clients. www.rabobankamerica.com
Rabobank, N.A. is the U.S. retail banking division of the Rabobank Group, a global financial services leader providing commercial, retail and agricultural finance solutions in over 40 countries around the world. From its century-old roots in the Netherlands, Rabobank today is one of the 25 largest banks in the world and, as one of the few banks with a AAA credit rating from both Standard & Poor's and Moody's, ranks among the safest banks in the world.
SOURCE Rabobank America
ST. LOUIS, July 2 /PRNewswire/ -- New data released today from the U.S. Department of Transportation shows drunk-driving fatalities declined more than 9 percent in 2008. As friends and families set out to enjoy the 4th of July holiday weekend, Anheuser-Busch is taking the opportunity to remind adults that when they drink, to do so responsibly.
"We're encouraged by this data, and believe our responsibility programs, along with the work of our wholesalers, retailers, law enforcement, community groups and many others, have played an important part in helping make our highways safer," said Carol Clark, vice president, Corporate Social Responsibility, Anheuser-Busch, Inc. "During this holiday weekend, there's no better way to show our American spirit than to be the designated driver." A recent survey by TNS Custom Research Inc. showed nearly two out of three adults - 137 million Americans - have either been a designated driver or been driven home by one.
Anheuser-Busch and its network of wholesalers work year-round to implement numerous responsibility programs, including:
-- Designated Driver - Promote the use of designated drivers at bars,
restaurants and home parties. Consumers typically receive free
non-alcohol beverages or discounts on food from bars or restaurants in
exchange for being named the designated driver in a group and refraining
from drinking on that occasion.
-- Alert Cab - This program brings together local distributors, cab
companies, and retail establishments to provide free or reduced-fare cab
rides to bar and restaurant patrons who need a safe ride home.
-- Tow to Go - In some areas, Anheuser-Busch and its distributors partner
with the AAA Auto Club South on the Tow To Go program, which provides a
free tow to a driver who may have overindulged.
Since 1982, Anheuser-Busch and its nationwide network of 600 wholesalers have invested more than $750 million in national advertising campaigns and community-based programs to promote responsible drinking and prevent alcohol abuse, including drunk driving. For more information on these efforts and the progress being made, visit www.beeresponsible.com.
SOURCE Anheuser-Busch
TUCSON, Ariz., July 2 /PRNewswire/ -- KCC, the premier provider of crime-fighting solutions to leading edge law enforcement agencies nationwide, today announced it has entered into a definitive agreement to merge with i2, the premier provider of visual analysis software.
(Logo: http://www.newscom.com/cgi-bin/prnh/20081030/LATH115LOGO)
Prior to the merger, both i2 and KCC were independently solid companies and now have joined together to create an even stronger entity. Since 1998, Tucson based KCC has provided its technology-based crime-fighting product COPLINK(R) to thousands of leading edge law enforcement agencies for crime-fighting operations nationwide. Within this past quarter, KCC continued to successfully build out its law enforcement footprint throughout the states of California and North Carolina. In addition, they expanded the capabilities of COPLINK(R) with the addition of a new Facial Recognition module.
The new company will have 350 global employees and support a combined 4,500 public and private sector clients in 149 countries. Robert Griffin, formerly CEO of KCC, will serve as CEO of the newly combined company and will lead the existing i2 senior management team. "The merger between i2 and KCC not only strengthens business operations across core markets but, more importantly, is one that we believe will spur tremendous innovation that benefits our global customer base," notes Griffin, who joined KCC in 2002. "With i2's proven track record delivering intelligence analysis and visualization solutions to public safety, military, national security and commercial organizations coupled with KCC's unmatched experience serving the law enforcement market, we believe the newly combined firm is ideally positioned to meet the growing demand for solutions that address an increasingly complex global threat environment."
The transaction strategically aligns the two organizations' complementary global resources and furthers KCC and i2's joint mission to deliver innovative software solutions that support intelligence-led operations across public safety, military, national security and commercial organizations. Under terms of the merger agreement, the new entity will be called i2 and continue to have primary operations in the United States (McLean, VA and Tucson, AZ) and in the United Kingdom (Cambridge).
About Knowledge Computing Corporation
Since its formation in 1998, Knowledge Computing Corp. has provided technology-based crime-fighting solutions to leading edge law enforcement agencies nationwide. COPLINK supports over 3,000 jurisdictions nationwide. Spanning across 20 states, and including four of the nation's five largest cities, COPLINK is helping law enforcement officers fight crime, thwart terrorism and improve community safety through comprehensive information sharing.
About i2
Founded in 1990, i2 is the leading provider of intelligence and investigation management software for public safety, military, national security and commercial organizations. The Intelligence-led Operations Platform launched in May, enables analysts and investigators to quickly understand complex scenarios and volumes of seemingly unrelated data, perform analysis and communicate the results. More than 2,000 organizations in over 115 countries rely on i2 road-tested technology to prevent crime and terrorism by uncovering hidden connections faster and making the right decision at the right time.
Contact: Stephen Fund, 520-574-1519
SOURCE Knowledge Computing Corporation
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