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Abitex Resources INC.
Abitex announces first closings of private placement raising $6,346,500
August 15th, 2008
Abitex Resources Inc. (TSX-V: ABE) (the "Company") is pleased to announce that it has completed the first closings of the private placement for a total of $6,346,500. The Company is also pleased to update its previously announced proposed acquisition of Central Uranium Corporation ("Central"). The Company has proposed to acquire all the issued and outstanding common shares of Central in exchange for common shares of the Company, on the condition that Central raise a minimum of $5,000,000. Central has raised $4,846,500 on the Company's behalf as of this closing and will surpass the minimum required amount at the time of an upcoming second closing. These amounts are held...
Source: Health Business Week (2008-08-15)
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