11:45 AM EST - Paramax Resources Ltd. : announced that it has completed $4-million private placement financing. The Corporation, through Byron Capital Markets, a division of Byron Securities Ltd., issued a total of 50 million common shares at $0.08 per common share for gross proceeds of $4 million. Following the completion of the private placement, the Corporation has 110,275,200 common shares issued and outstanding. The Agent received a cash commission equal to 4% of the gross proceeds raised in the private placement and options to acquire a total of 2.5 million common shares at $0.08 per common share for a period of 18 months from the date of closing. Paramax Resources Ltd.
shares V.PMX are trading even at $0.07.
