August 13, 2009 Silvermex Resources Announces Private Placement
Silvermex Resources Ltd. (the "Company") announces that it has arranged a non-brokered private placement to raise gross proceeds of up to $765,000. The private placement consists of 4,500,000 units at a price of $0.17 per unit. Each unit will consist of one common share and one non-transferable share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.20 for a period of 12 months from the date of closing. Finders' fees will be payable in either cash or securities in accordance with the policies of the TSX Venture Exchange Inc. The proceeds of the private placement will be used for general working capital purposes.
On Behalf of the Board of Directors of
Silvermex Resources Ltd.
"Bruce Bragagnolo"
CEO and Director
For further information, contact:
Bruce Bragagnolo, LLB.
CEO and Director
Vancouver, B.C. Canada
Tel: 604-638-8980
For Investor Relations, contact:
Jason Leikam
Corporate Development
Vancouver, BC, Canada
Tel: 604-682-4004
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This News Release contains forward-looking statements. Forward looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans, "anticipates", believes", "estimates", "predicts", "potential", or "continue or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, level of activity, performance or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggests herein. Except as required by applicable law the Company does not intend to update any forward-looking statements to conform these statements to actual results.
You can view the Next News Releases item: Wed Sep 30, 2009, Silvermex Resources Ltd. Closes Non-Brokered Financing of $774,180
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