other material
confidence high
sentiment neutral
materiality 0.60
MMEX Resources announces $3M registered direct offering of common stock and warrants at $0.80/unit
MMEX Resources Corp
- Issued 3,750,000 common shares (or equivalents) and warrants for 2,575,500 shares at combined price of $0.80 per unit.
- Gross proceeds expected to be $3.0M; closing expected on or about July 20, 2021.
- Warrants immediately exercisable at $0.80 per share, expire in 5 years.
- Placement agent H.C. Wainwright receives 9% cash fee and warrants for 337,500 shares at $1.00.
- Net proceeds for general corporate and working capital, including retiring portion of outstanding debt.