Consolidated Rexpar Minerals and Chemicals recently announced financing plans that will take the company into merchant banking and investments business in association with Gornitzki, Thompson & Little Co., a Toronto-based merchant banker.
A former base metals exploration company with properties in British Columbia, it was recently sold to three Toronto investors by Denison Mines.
The principles of Gornitzki, Thompson & Little will act as directors and officers of the company. Consolidated Rexpar’s common shares are trading on the coats system with the symbol conr.
The former vse-listed company has also entered into a subscription agreement for the private placement of six million common shares to Gornitzki, Thompson & Little at 10 cents cents per share.
The directors of the company have also approved an agency agreement with Gornitzki, Thompson & Little for the private placement of up to 6 million shares at 25 cents per share. Gornitzki, Thompson and Little has guaranteed the sale of two million shares.
Shareholder approval for both transactions will be sought in July.
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