Company will sell 35 million flow-through common shares at C$0.05 each
By Devika Patel
Knoxville, Tenn., July 9 – Cantex Mine Development Corp. said it plans a C$1.75 million private placement of stock.
The company will sell 35 million flow-through common shares at C$0.05 each. The price per share is identical to the July 8 closing share price.
Proceeds will be used to define drill targets and begin drilling on the company's seven claims groups in central Yukon.
Kelowna, B.C.-based Cantex is a gold, uranium, nickel, copper, cobalt and platinum exploration company.
Issuer: | Cantex Mine Development Corp.
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Issue: | Flow-through common stock
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Amount: | C$1.75 million
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Shares: | 35 million
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Price: | C$0.05
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Warrants: | No
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Pricing date: | July 9
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Stock symbol: | TSX Venture: CD
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Stock price: | C$0.05 at close July 8
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Market capitalization: | C$3.08 million
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