May 15 (Reuters) - Geologix Explorations Inc GIX.V
* Geologix to carry out $1,002,000 unit private placement
* Intends to carry out private placement of up to 16.7 million units at $0.06 per unit
* Net proceeds from offering will be used for exploration and development expenditures at company's tepal gold/copper project Source text for Eikon: ID:nCCN3NXkRC Further company coverage: GIX.V