Merrex Gold completes a private placement for over $7 million

September 20, 2007

Merrex Gold Inc. recently announced the completion of a private placement of 7,792,000 shares at the price of $0.95 per share for a total of $7,402,400. The transaction was completed with the support of a syndicate composed of Pacific International Securities Inc., Paradigm Capital Inc. and Wellington West Capital Markets Inc.

The funds raised will be used to fund exploration and development activities related to the corporation’s projects in Mali, including diamond drilling at Merrex’s Siribaya Gold Project.

Michel Blouin and Sébastien Vézina advised Merrex Gold in this financing.

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