ExGen将私募增加到267.5万美元；批准对管理层、董事和顾问的薪酬

10:26 AM EST, 01/14/2022 (MT Newswires) -- ExGen Resources Inc. (EXG.V) has upsized itspreviously-announced $2 million non-brokered private placement offering of common shares priced at $0.10 each, to up to $2.675 million (a maximum of 26.75 million offered shares). The financing is now expected to close by January 28.

ExGen's board has also approved cash compensation payments to management, a director, and consultants as follows:

$250,000 to the President/CEO Jason Riley, for management services rendered in 2021; $275,000 to Riley as a bonus payment for working without any cash compensation since he joined the ExGen's board and management in September 2013;

$50,000 to a Director for services provided to ExGen beyond his duties as a member of the board of directors

$134,000 to consultants for various technical, administrative, and marketing roles.

Riley will be reinvesting all of his compensation payments plus an additional $350,000 of his own capital (totalling $875,000) into this current financing. When completed, the CEO will own18.64% of the issued and outstanding common shares of ExGen. The Director who received $50,000 of the compensation payments will be reinvesting this nto the private placement, plus an additional $222,500 of his own capital, for a total of $272,500. Assuming the placement is completed, the Director will own 5.15% of the issued and outstanding common shares of the company.