TerraX closes final tranche of Non-brokered Flow-through Private Placements for a total raised of $5,180,145

24 June 2015

Jun 24, 2015
Yellowknife, Northwest Territories - TerraX Minerals Inc. (TSX.V: TXR; OTC Pink: TRXXF; Frankfurt: TX0) has completed a third and final closing of its non-brokered private placement announced May 19, 2015 with the issuance of a further 385,000 flow-through common shares at $0.40 per share for gross proceeds for this tranche of $154,000. These shares will be subject to a hold period expiring on October 25, 2015. Cash finder's fees are payable with respect to this placement along with the issuance of 23,100 finders warrants exercisable at $0.55 until June 24, 2018.