Non-brokered offering finances gold exploration in Yukon Territory
By Devika Patel
Knoxville, Tenn., July 6 - Cantex Mine Development Corp. said it took in C$2.4 million in a non-brokered private placement of stock. The deal priced for about C$2 million on June 17.
The company sold 36,923,077 flow-through common shares at C$0.065 apiece on a best-efforts basis. The price per share is identical to the June 16 closing share price.
Proceeds will be used for an exploration program on the company's gold claims in the Yukon Territory.
Kelowna, B.C.-based Cantex is a gold, nickel, copper, cobalt and platinum exploration company.
| Issuer: | Cantex Mine Development Corp.
|
| Issue: | Flow-through common shares
|
| Amount: | C$2.4 million
|
| Shares: | 36,923,077
|
| Price: | C$0.065
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | June 17
|
| Settlement date: | July 6
|
| Stock symbol: | TSX Venture: CD
|
| Stock price: | C$0.065 at close June 16
|
| Market capitalization: | C$24.13 million
|
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