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ExGen Resources Extends, Upsizes Private Placement of Units

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ExGen Resources (EXG.V) has received approval from the TSX Venture Exchange to extend and upsize its private placement of up to 10.1 million units for gross proceeds of C$1.1 million, the company said Thursday.

The units are priced at C$0.10 apiece. The second tranche of the upsized offering will be completed around Aug. 21.

The company has also amended and exercised its option to earn a 100% interest in the MacRex property in British Columbia. The amendment allowed ExGen to exercise the option by paying C$200,000 to the optionor on Aug. 14.

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