MICREX DEVELOPMENT CORP.
A mineral exploration and development company operating in Canada and the United States
TSX Venture Exchange symbol "MIX"
SEC 12 g (3) Exemption 82-4281
For immediate release
July 14, 2004
Micrex Announces Private Placement
Micrex Development Corp. announced today plans to proceed with an unbrokered private placement of up to 166,667 Units at a price of $3.00 per Unit, for gross proceeds of up to $500,000. Each Unit consists of 12 common shares, of which 9 common shares are to be issued on a flow-through basis and 12 common share purchase warrants. Each warrant entitles the holder to purchase one common share at $0.30 per share for a period of one year from closing. Insiders of the Corporation will be participating in this financing. The Corporation anticipates that the proceeds from the private placement will be used as follows:
$125,000 - general and administrative expenses
$375,000 - development of the Burmis and Quebec magnetite properties
Further information may be obtained from Perry Meszaros or S.E. Marshall at (780) 448-0922
or email at mixinfo-1@micrex.net
MICREX DEVELOPMENT CORP.
Peace River Diamond Property • Burmis Magnetite/Titanium Property • St. Charles de Bourget Magnetite/Titanium Property • Fort Steel Placer Property • Bighorn Gold Mine • Banks Gold Mine • Mount Royal Gold Mine • Deadwood Gold Mine • Sunburst Gold Property
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