BRIEF-Corex announces equity financing by Alamos Gold

Tue Oct 11, 2016 5:04am EDT
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Oct 11 (Reuters) - Corex Gold Corp :

* Corex announces equity financing by Alamos Gold Inc.

* Entered into a subscription agreement to issue 25.3 million common shares to Alamos Gold Inc. at a price of $0.10 per share

* Purpose and business reasons of transactions are to obtain financing for Corex's Santana project

* Has also granted Alamos right to nominate up to two directors to company's board

* Also granted Alamos a participation right to maintain its pro rata share ownership in company at up to 19.99% Source text for Eikon: Further company coverage: