Stocks in play: ExGen Resources Inc.

Intends to complete a non-brokered private placement offering of up to 100,000,000 units at a price of $0.015 per unit, for gross proceeds of up to $1,500,000. Each unit will consist of one common share and one common share purchase warrant. Each whole warrant will entitle the holder thereof to acquire one common share at a price of $0.05 per share for a period of two years after the closing. The warrants have an acceleration provision whereby if the closing price of ExGen’s common shares on the TSX Venture Exchange is at least $0.10 for a period of 10 consecutive trading days (whether or not trading occurs on all such days), ExGen will have the right to accelerate the expiry date of the Warrants to 30 days from the date of issuance of a news release by ExGen announcing the accelerated exercise period. ExGen Resources Inc. shares V.EXG are trading down $0.005 at $0.02.

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