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NGEx Resources upsizes financing to C$12.5M

NGEx Resources Inc. increased the size of its previously announced non-brokered private placement to C$12.5 million from C$10 million.

The company will now issue up to 12.5 million shares at C$1.00 apiece, it said Dec. 15.

NGEx plans to use the proceeds for ongoing work programs in Chile and Argentina, as well as for general corporate purposes.