NGEx Resources Inc. (TSX:NGQ) announced a non-brokered private placement of up to 10,000,000 shares at CAD 3.40 per share for gross proceeds of up to CAD 34,000,000 on January 14, 2013. The company may pay a finder's fee equal to 4% of the proceeds for a certain portion. The shares issued in the transaction will be subject to a four month hold period.

On January 15, 2013, the company announced that, the transaction has been fully subscribed. The holding period of the securities issued will expire on May 30, 2013.