Octagon 88 Resources Inc. (OCTX) announce that a private placement subscription agreement has been accepted and closed by an established Swiss based fund as the subscriber in the amount of $750'000 USD.

The subscriber has agreed to purchase 136'364 units of the Company's common stock at a price of $5.50 per unit, each unit consisting of one share of common stock and one share purchase warrant, entitling the holder to purchase one additional share of common stock at an exercise price of $6.50 per share for a period of two years from the date of acceptance of the Subscription.

Tags: Octagon 88 Resources