On June 15, 2018, Sphinx Resources Ltd. announced it has closed a non-brokered Private Placement for aggregate gross proceeds of approximately $260,000. The Private Placement consisted of 5,000,000 common shares and 150,000 flow-through common shares.
The net proceeds will be used by Sphinx Resources to fund their zinc projects in southwestern Québec as well as for general working capital purposes.
Sphinx Resources Ltd. is a Montréal-based company focused on the generation and acquisition of mining exploration projects in Québec.
Osler, Hoskin & Harcourt LLP represented Sphinx Resources Ltd. with a team consisting of Eric Levy, Hugo-Pierre Gagnon, Jeremy Brisset and Matthew Oliver (Securities).