Geologix Closes $1,105,000 Financing

http://www.juniorminingnetwork.com/junior-miner-news/press-releases/984-tsx-venture/gix/22658-geologix-closes-1-105-000-financing.html

VANCOUVER, BRITISH COLUMBIA–(Marketwired – July 25, 2016) – Geologix Explorations Inc. (TSX VENTURE:GIX)(FRANKFURT:GF6)(BERLIN:GF6)(STUT:GF6)(MUN:GF6) (“Geologix” or “the Company”) is pleased to announce the successful closing of its non-brokered private placement of 17,000,000 units at $0.065 per unit for gross proceeds of $1,105,000 (the “Offering”).

Each unit issued under the Offering consisted of one common share and one-half of one non-transferable share purchase warrant, with each whole warrant entitling the holder the right to purchase one additional common share for a period of 36 months from closing at a price of $0.10. All securities issued and issuable pursuant to the Offering are subject to resale restrictions until November 23, 2016.

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