Private Placement Price Amendment
QUEBEC CITY, QUEBEC -- (Marketwire) -- 07/13/10 -- Plexmar Resources Inc. (TSX VENTURE: PLE) reports that the Units pricing for the private placement announced on June 18th was revised to $0.06 per share with the warrant exercise price at 0.12$ per share to reflect market conditions. Warrants will be valid for 18 months after closing. A total of 15,833,333 Units are offered in a non-brokered private placement for gross proceeds of up to $950,000.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release includes certain statements that may be deemed 'forward-looking statements'. All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions.
177 M shares outstanding
Contacts:
Guy Bedard, president
418-658-6776 ext.107
www.plexmar.com
Paradox Public Relations:
866-460-0408
514-341-0408